FSA Wealth Partners Inc. Buys New Holdings in SPDR S&P Telecom ETF $XTL

FSA Wealth Partners Inc. purchased a new position in shares of SPDR S&P Telecom ETF (NYSEARCA:XTL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,558 shares of the company’s stock, valued at approximately $918,000. FSA Wealth Partners Inc. owned approximately 0.50% of SPDR S&P Telecom ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of XTL. Steward Partners Investment Advisory LLC lifted its holdings in shares of SPDR S&P Telecom ETF by 4.1% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 11,970 shares of the company’s stock worth $1,404,000 after acquiring an additional 466 shares during the period. Raymond James Financial Inc. raised its position in SPDR S&P Telecom ETF by 2.5% in the second quarter. Raymond James Financial Inc. now owns 33,485 shares of the company’s stock worth $3,928,000 after purchasing an additional 805 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in SPDR S&P Telecom ETF in the second quarter worth about $97,000. Cetera Investment Advisers lifted its stake in SPDR S&P Telecom ETF by 3.1% during the second quarter. Cetera Investment Advisers now owns 36,984 shares of the company’s stock worth $4,339,000 after purchasing an additional 1,098 shares during the period. Finally, Parkwoods Wealth Partners LLC acquired a new stake in SPDR S&P Telecom ETF during the third quarter valued at approximately $206,000.

SPDR S&P Telecom ETF Trading Down 0.4%

XTL stock opened at $165.61 on Friday. SPDR S&P Telecom ETF has a 1-year low of $84.68 and a 1-year high of $170.94. The business’s 50 day moving average is $155.06 and its 200-day moving average is $143.35. The firm has a market cap of $248.42 million, a P/E ratio of 17.49 and a beta of 1.11.

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.