Kaizen Financial Strategies decreased its position in SPDR S&P Telecom ETF (NYSEARCA:XTL – Free Report) by 50.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,010 shares of the company’s stock after selling 3,035 shares during the quarter. Kaizen Financial Strategies’ holdings in SPDR S&P Telecom ETF were worth $611,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of XTL. Bank of America Corp DE grew its position in SPDR S&P Telecom ETF by 6.5% during the 1st quarter. Bank of America Corp DE now owns 80,922 shares of the company’s stock worth $15,218,000 after purchasing an additional 4,960 shares in the last quarter. MinichMacGregor Wealth Management LLC bought a new stake in SPDR S&P Telecom ETF in the first quarter worth $11,786,000. Hsbc Holdings PLC acquired a new position in shares of SPDR S&P Telecom ETF during the 1st quarter valued at about $4,628,000. NewEdge Advisors LLC raised its position in shares of SPDR S&P Telecom ETF by 413.8% in the second quarter. NewEdge Advisors LLC now owns 10,163 shares of the company’s stock valued at $2,312,000 after purchasing an additional 8,185 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of SPDR S&P Telecom ETF in the first quarter worth $2,066,000.
SPDR S&P Telecom ETF Price Performance
Shares of NYSEARCA XTL traded down $0.93 during trading hours on Friday, hitting $206.37. 43,417 shares of the stock were exchanged, compared to its average volume of 72,189. The company’s 50 day moving average is $210.70 and its 200 day moving average is $215.06. The firm has a market capitalization of $536.56 million, a P/E ratio of 17.49 and a beta of 1.17. SPDR S&P Telecom ETF has a one year low of $131.25 and a one year high of $247.62.
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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