62,669 Shares in SPDR S&P Telecom ETF $XTL Acquired by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC acquired a new position in shares of SPDR S&P Telecom ETF (NYSEARCA:XTL) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 62,669 shares of the company’s stock, valued at approximately $11,786,000. SPDR S&P Telecom ETF makes up approximately 2.1% of MinichMacGregor Wealth Management LLC’s investment portfolio, making the stock its 18th largest holding. MinichMacGregor Wealth Management LLC owned 2.11% of SPDR S&P Telecom ETF at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Worthington Financial Partners LLC purchased a new stake in shares of SPDR S&P Telecom ETF in the fourth quarter valued at $696,000. Blue Capital Inc. boosted its position in shares of SPDR S&P Telecom ETF by 12.3% in the fourth quarter. Blue Capital Inc. now owns 12,958 shares of the company’s stock worth $1,985,000 after buying an additional 1,421 shares during the period. NewEdge Advisors LLC purchased a new position in shares of SPDR S&P Telecom ETF during the fourth quarter valued at $212,000. Cetera Investment Advisers grew its holdings in shares of SPDR S&P Telecom ETF by 0.3% during the fourth quarter. Cetera Investment Advisers now owns 37,694 shares of the company’s stock valued at $5,775,000 after buying an additional 115 shares in the last quarter. Finally, MML Investors Services LLC raised its position in SPDR S&P Telecom ETF by 10.4% during the fourth quarter. MML Investors Services LLC now owns 2,551 shares of the company’s stock valued at $391,000 after buying an additional 241 shares during the period.

SPDR S&P Telecom ETF Trading Down 1.4%

NYSEARCA:XTL opened at $215.38 on Thursday. The business’s fifty day moving average price is $225.79 and its 200 day moving average price is $191.53. The firm has a market capitalization of $747.37 million, a price-to-earnings ratio of 17.49 and a beta of 1.14. SPDR S&P Telecom ETF has a 1-year low of $114.23 and a 1-year high of $247.62.

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.