Kaizen Financial Strategies raised its position in SPDR S&P Telecom ETF (NYSEARCA:XTL – Free Report) by 13.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,150 shares of the company’s stock after buying an additional 740 shares during the quarter. Kaizen Financial Strategies’ holdings in SPDR S&P Telecom ETF were worth $615,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XTL. Private Advisor Group LLC acquired a new position in SPDR S&P Telecom ETF in the 4th quarter valued at $10,862,000. LPL Financial LLC lifted its position in shares of SPDR S&P Telecom ETF by 268.7% during the 4th quarter. LPL Financial LLC now owns 97,251 shares of the company’s stock valued at $10,410,000 after acquiring an additional 70,873 shares during the period. Raymond James Financial Inc. bought a new stake in shares of SPDR S&P Telecom ETF during the 4th quarter valued at $3,425,000. Wealthfront Advisers LLC bought a new stake in shares of SPDR S&P Telecom ETF during the 4th quarter valued at $3,006,000. Finally, Blue Capital Inc. bought a new stake in shares of SPDR S&P Telecom ETF during the 4th quarter valued at $2,296,000.
SPDR S&P Telecom ETF Stock Performance
NYSEARCA:XTL opened at $101.78 on Friday. The stock has a fifty day moving average price of $97.87 and a 200-day moving average price of $104.41. The company has a market cap of $104.83 million, a price-to-earnings ratio of 17.87 and a beta of 1.07. SPDR S&P Telecom ETF has a fifty-two week low of $74.64 and a fifty-two week high of $113.50.
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.
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