SPDR S&P Telecom ETF (NYSEARCA:XTL) Sets New 1-Year High – What’s Next?

Shares of SPDR S&P Telecom ETF (NYSEARCA:XTL) reached a new 52-week high on Thursday . The company traded as high as $244.60 and last traded at $243.69, with a volume of 74238 shares. The stock had previously closed at $240.64.

SPDR S&P Telecom ETF Stock Up 1.3%

The business’s fifty day simple moving average is $212.28 and its two-hundred day simple moving average is $179.42. The company has a market cap of $845.60 million, a price-to-earnings ratio of 17.49 and a beta of 1.14.

Hedge Funds Weigh In On SPDR S&P Telecom ETF

Several institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in SPDR S&P Telecom ETF by 6.5% in the 1st quarter. Bank of America Corp DE now owns 80,922 shares of the company’s stock valued at $15,218,000 after buying an additional 4,960 shares during the period. Royal Bank of Canada increased its stake in SPDR S&P Telecom ETF by 583.0% in the 1st quarter. Royal Bank of Canada now owns 2,377 shares of the company’s stock valued at $447,000 after buying an additional 2,029 shares during the period. Liberty One Investment Management LLC increased its stake in SPDR S&P Telecom ETF by 3.1% in the 1st quarter. Liberty One Investment Management LLC now owns 9,023 shares of the company’s stock valued at $1,697,000 after buying an additional 269 shares during the period. Pacific Sun Financial Corp increased its stake in SPDR S&P Telecom ETF by 1.8% in the 1st quarter. Pacific Sun Financial Corp now owns 2,790 shares of the company’s stock valued at $525,000 after buying an additional 50 shares during the period. Finally, Independent Financial Group LLC acquired a new position in SPDR S&P Telecom ETF in the 1st quarter valued at $234,000.

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.