Verus Capital Partners LLC Purchases 9,118 Shares of SPDR S&P Telecom ETF $XTL

Verus Capital Partners LLC purchased a new position in shares of SPDR S&P Telecom ETF (NYSEARCA:XTL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,118 shares of the company’s stock, valued at approximately $1,851,000.

A number of other institutional investors have also modified their holdings of the stock. Ashton Thomas Private Wealth LLC boosted its stake in shares of SPDR S&P Telecom ETF by 1,052.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 415 shares of the company’s stock worth $84,000 after buying an additional 379 shares during the last quarter. Kestra Advisory Services LLC raised its position in SPDR S&P Telecom ETF by 1.0% during the third quarter. Kestra Advisory Services LLC now owns 6,246 shares of the company’s stock valued at $1,268,000 after acquiring an additional 61 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in SPDR S&P Telecom ETF during the third quarter valued at approximately $669,000. Kingswood Wealth Advisors LLC lifted its holdings in SPDR S&P Telecom ETF by 32.2% in the third quarter. Kingswood Wealth Advisors LLC now owns 1,715 shares of the company’s stock valued at $348,000 after acquiring an additional 418 shares during the period. Finally, Financial Management Professionals Inc. acquired a new position in SPDR S&P Telecom ETF in the third quarter valued at approximately $1,518,000.

SPDR S&P Telecom ETF Trading Up 3.4%

SPDR S&P Telecom ETF stock opened at $175.47 on Friday. SPDR S&P Telecom ETF has a 12 month low of $131.25 and a 12 month high of $247.62. The stock’s 50 day simple moving average is $199.99 and its two-hundred day simple moving average is $204.46. The firm has a market cap of $424.64 million, a PE ratio of 17.49 and a beta of 1.22.

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.