Shares of SPDR S&P Telecom ETF (NYSEARCA:XTL – Get Free Report) saw unusually-strong trading volume on Friday . 220,949 shares were traded during trading, an increase of 183% from the previous session’s volume of 77,996 shares.The stock last traded at $206.63 and had previously closed at $204.95.
SPDR S&P Telecom ETF Price Performance
The stock’s 50 day simple moving average is $221.95 and its two-hundred day simple moving average is $202.51. The firm has a market cap of $570.13 million, a P/E ratio of 17.49 and a beta of 1.15.
Hedge Funds Weigh In On SPDR S&P Telecom ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. Avior Wealth Management LLC boosted its stake in SPDR S&P Telecom ETF by 6.1% in the 2nd quarter. Avior Wealth Management LLC now owns 3,616 shares of the company’s stock worth $823,000 after purchasing an additional 209 shares in the last quarter. NewEdge Advisors LLC increased its stake in SPDR S&P Telecom ETF by 43.1% during the 1st quarter. NewEdge Advisors LLC now owns 1,978 shares of the company’s stock valued at $372,000 after purchasing an additional 596 shares in the last quarter. Bank of America Corp DE raised its holdings in SPDR S&P Telecom ETF by 6.5% in the first quarter. Bank of America Corp DE now owns 80,922 shares of the company’s stock worth $15,218,000 after buying an additional 4,960 shares during the last quarter. Royal Bank of Canada raised its holdings in SPDR S&P Telecom ETF by 583.0% in the first quarter. Royal Bank of Canada now owns 2,377 shares of the company’s stock worth $447,000 after buying an additional 2,029 shares during the last quarter. Finally, Liberty One Investment Management LLC lifted its stake in shares of SPDR S&P Telecom ETF by 3.1% in the first quarter. Liberty One Investment Management LLC now owns 9,023 shares of the company’s stock worth $1,697,000 after buying an additional 269 shares in the last quarter.
About SPDR S&P Telecom ETF
The SPDR S&P Telecom ETF (XTL) is an exchange-traded fund that is based on the S&P Telecom Select Industry index. The fund tracks an equal-weighted index of US telecom companies selected by the S&P Committee. XTL was launched on Jan 26, 2011 and is managed by State Street.
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