SPDR S&P Telecom ETF (NYSEARCA:XTL) Hits New 12-Month High – Still a Buy?

SPDR S&P Telecom ETF (NYSEARCA:XTLGet Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $244.60 and last traded at $243.69, with a volume of 74238 shares changing hands. The stock had previously closed at $240.64.

SPDR S&P Telecom ETF Stock Performance

The stock has a market capitalization of $828.18 million, a price-to-earnings ratio of 17.49 and a beta of 1.14. The business has a 50-day moving average of $214.35 and a 200-day moving average of $180.51.

Institutional Trading of SPDR S&P Telecom ETF

A number of large investors have recently made changes to their positions in the company. Pacific Sun Financial Corp boosted its position in shares of 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 purchasing an additional 50 shares during the period. Cetera Investment Advisers boosted its position in shares of SPDR S&P Telecom ETF by 0.3% in the 4th quarter. Cetera Investment Advisers now owns 37,694 shares of the company’s stock valued at $5,775,000 after purchasing an additional 115 shares during the period. Kaizen Financial Strategies boosted its position in shares of SPDR S&P Telecom ETF by 2.0% in the 3rd quarter. Kaizen Financial Strategies now owns 6,245 shares of the company’s stock valued at $910,000 after purchasing an additional 125 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of SPDR S&P Telecom ETF by 0.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 25,139 shares of the company’s stock valued at $3,852,000 after purchasing an additional 137 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of SPDR S&P Telecom ETF by 119.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock valued at $59,000 after purchasing an additional 230 shares during the period.

SPDR S&P Telecom ETF Company Profile

(Get Free Report)

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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