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

Shares of SPDR S&P Telecom ETF (NYSEARCA:XTL) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $232.60 and last traded at $232.04, with a volume of 19376 shares. The stock had previously closed at $228.57.

SPDR S&P Telecom ETF Stock Performance

The stock has a fifty day simple moving average of $208.21 and a 200-day simple moving average of $176.92. The stock has a market cap of $808.79 million, a P/E ratio of 17.49 and a beta of 1.14.

Hedge Funds Weigh In On SPDR S&P Telecom ETF

Large investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in SPDR S&P Telecom ETF by 119.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock worth $59,000 after purchasing an additional 230 shares in the last quarter. Kestra Advisory Services LLC bought a new position in SPDR S&P Telecom ETF during the 4th quarter worth about $80,000. International Assets Investment Management LLC bought a new position in SPDR S&P Telecom ETF during the 4th quarter worth about $131,000. Harbour Investments Inc. bought a new position in shares of SPDR S&P Telecom ETF in the 4th quarter valued at about $150,000. Finally, Larry Mathis Financial Planning LLC bought a new position in shares of SPDR S&P Telecom ETF in the 1st quarter valued at about $215,000.

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.