101,478 Shares in SPDR S&P Telecom ETF (NYSEARCA:XTL) Bought by Private Advisor Group LLC

Private Advisor Group LLC acquired a new stake in SPDR S&P Telecom ETF (NYSEARCA:XTL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 101,478 shares of the company’s stock, valued at approximately $10,862,000. Private Advisor Group LLC owned approximately 13.09% of SPDR S&P Telecom ETF at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in XTL. Westwind Capital acquired a new position in SPDR S&P Telecom ETF during the fourth quarter worth approximately $524,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of SPDR S&P Telecom ETF in the 4th quarter valued at $526,000. Roman Butler Fullerton & Co. purchased a new stake in shares of SPDR S&P Telecom ETF in the third quarter valued at about $553,000. Finally, Fiduciary Family Office LLC acquired a new stake in shares of SPDR S&P Telecom ETF during the fourth quarter worth about $13,538,000.

SPDR S&P Telecom ETF Stock Down 0.5 %

NYSEARCA XTL opened at $111.83 on Friday. The business’s 50-day moving average price is $108.99 and its 200 day moving average price is $103.24. The firm has a market cap of $86.67 million, a P/E ratio of 22.20 and a beta of 1.10. SPDR S&P Telecom ETF has a 52-week low of $67.08 and a 52-week high of $113.50.

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.