Hsbc Holdings PLC acquired a new position in shares of SPDR S&P Telecom ETF (NYSEARCA:XTL – Free Report) in the first quarter, HoldingsChannel reports. The fund acquired 25,000 shares of the company’s stock, valued at approximately $4,628,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CWM LLC bought a new stake in shares of SPDR S&P Telecom ETF in the 4th quarter valued at about $33,959,000. Bank of America Corp DE boosted its stake in SPDR S&P Telecom ETF by 48.8% during the 3rd quarter. Bank of America Corp DE now owns 64,804 shares of the company’s stock worth $9,067,000 after acquiring an additional 21,242 shares during the last quarter. MinichMacGregor Wealth Management LLC bought a new position in SPDR S&P Telecom ETF during the 1st quarter worth approximately $11,786,000. Castleark Management LLC acquired a new position in SPDR S&P Telecom ETF during the third quarter valued at approximately $8,359,000. Finally, Goldman Sachs Group Inc. grew its holdings in SPDR S&P Telecom ETF by 5.0% during the first quarter. Goldman Sachs Group Inc. now owns 57,765 shares of the company’s stock valued at $5,774,000 after purchasing an additional 2,771 shares during the period.
SPDR S&P Telecom ETF Trading Down 1.1%
NYSEARCA:XTL opened at $207.54 on Friday. SPDR S&P Telecom ETF has a 1 year low of $114.88 and a 1 year high of $247.62. The stock has a 50-day moving average price of $223.56 and a two-hundred day moving average price of $200.90. The stock has a market cap of $564.51 million, a price-to-earnings ratio of 17.49 and a beta of 1.15.
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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Want to see what other hedge funds are holding XTL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Telecom ETF (NYSEARCA:XTL – Free Report).
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