Shares of SPDR S&P Telecom ETF (NYSEARCA:XTL – Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 163,026 shares were traded during mid-day trading, an increase of 115% from the previous session’s volume of 75,878 shares.The stock last traded at $221.43 and had previously closed at $220.91.
SPDR S&P Telecom ETF Stock Up 1.0%
The business’s 50 day simple moving average is $220.41 and its two-hundred day simple moving average is $185.36. The stock has a market cap of $774.12 million, a P/E ratio of 17.49 and a beta of 1.14.
Institutional Trading of SPDR S&P Telecom ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp grew its stake in shares of SPDR S&P Telecom ETF by 119.2% during the third quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock worth $59,000 after buying an additional 230 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in SPDR S&P Telecom ETF during the 4th quarter valued at about $80,000. International Assets Investment Management LLC acquired a new position in SPDR S&P Telecom ETF during the 4th quarter valued at about $131,000. Harbour Investments Inc. acquired a new position in SPDR S&P Telecom ETF during the 4th quarter valued at about $150,000. Finally, Envestnet Asset Management Inc. acquired a new position in SPDR S&P Telecom ETF during the 2nd quarter valued at about $200,000.
SPDR S&P Telecom ETF Company Profile
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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