Geneos Wealth Management Inc. Takes Position in SPDR S&P Telecom ETF $XTL

Geneos Wealth Management Inc. acquired a new stake in SPDR S&P Telecom ETF (NYSEARCA:XTL) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 10,985 shares of the company’s stock, valued at approximately $2,066,000. Geneos Wealth Management Inc. owned 0.32% of SPDR S&P Telecom ETF at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC purchased a new position in SPDR S&P Telecom ETF during the 4th quarter valued at about $33,959,000. Bank of America Corp DE increased its stake in SPDR S&P Telecom ETF by 48.8% during the third quarter. Bank of America Corp DE now owns 64,804 shares of the company’s stock worth $9,067,000 after purchasing an additional 21,242 shares during the period. MinichMacGregor Wealth Management LLC purchased a new stake in SPDR S&P Telecom ETF during the first quarter worth about $11,786,000. Castleark Management LLC purchased a new stake in SPDR S&P Telecom ETF during the third quarter worth about $8,359,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of 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 worth $5,774,000 after purchasing an additional 2,771 shares in the last quarter.

SPDR S&P Telecom ETF Stock Performance

NYSEARCA XTL opened at $208.52 on Friday. The firm has a 50 day simple moving average of $225.21 and a 200-day simple moving average of $198.91. SPDR S&P Telecom ETF has a one year low of $114.88 and a one year high of $247.62. The firm has a market cap of $590.11 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.