SPDR S&P Telecom ETF (NYSEARCA:XTL) Sees Large Volume Increase – Here’s Why

Shares of SPDR S&P Telecom ETF (NYSEARCA:XTL) saw an uptick in trading volume on Wednesday . 163,026 shares traded hands during trading, an increase of 115% from the previous session’s volume of 75,878 shares.The stock last traded at $221.43 and had previously closed at $220.91.

SPDR S&P Telecom ETF Price Performance

The stock has a market capitalization of $800.18 million, a P/E ratio of 17.49 and a beta of 1.14. The stock’s fifty day moving average is $222.05 and its two-hundred day moving average is $186.65.

Institutional Trading of SPDR S&P Telecom ETF

A number of large investors have recently added to or reduced their stakes in the business. Pacific Sun Financial Corp boosted its holdings in SPDR S&P Telecom ETF by 1.8% during the first quarter. Pacific Sun Financial Corp now owns 2,790 shares of the company’s stock worth $525,000 after buying an additional 50 shares in the last quarter. Cetera Investment Advisers boosted its holdings in 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 worth $5,775,000 after buying an additional 115 shares in the last quarter. Kaizen Financial Strategies boosted its holdings in SPDR S&P Telecom ETF by 2.0% during the third quarter. Kaizen Financial Strategies now owns 6,245 shares of the company’s stock worth $910,000 after buying an additional 125 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in SPDR S&P Telecom ETF by 0.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 25,139 shares of the company’s stock worth $3,852,000 after buying an additional 137 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in SPDR S&P Telecom ETF by 119.2% during the third quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock worth $59,000 after buying an additional 230 shares in the last quarter.

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.