SPDR S&P Telecom ETF (NYSEARCA:XTL) Shares Acquired by Raymond James & Associates

Raymond James & Associates grew its stake in SPDR S&P Telecom ETF (NYSEARCA:XTL) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,731 shares of the company’s stock after purchasing an additional 2,181 shares during the period. Raymond James & Associates’ holdings in SPDR S&P Telecom ETF were worth $2,778,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of XTL. Citigroup Inc. increased its holdings in shares of SPDR S&P Telecom ETF by 80.7% in the second quarter. Citigroup Inc. now owns 441 shares of the company’s stock valued at $34,000 after purchasing an additional 197 shares during the period. Financial Freedom LLC acquired a new position in shares of SPDR S&P Telecom ETF in the fourth quarter valued at approximately $62,000. Royal Bank of Canada boosted its stake in shares of SPDR S&P Telecom ETF by 57.6% in the third quarter. Royal Bank of Canada now owns 1,373 shares of the company’s stock valued at $106,000 after buying an additional 502 shares in the last quarter. Cape Investment Advisory Inc. boosted its stake in shares of SPDR S&P Telecom ETF by 10.9% in the third quarter. Cape Investment Advisory Inc. now owns 1,654 shares of the company’s stock valued at $117,000 after buying an additional 162 shares in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of SPDR S&P Telecom ETF in the first quarter valued at approximately $216,000.

SPDR S&P Telecom ETF Price Performance

SPDR S&P Telecom ETF stock opened at $69.02 on Monday. SPDR S&P Telecom ETF has a 1-year low of $64.09 and a 1-year high of $80.80. The company has a market cap of $53.49 million, a PE ratio of 22.40 and a beta of 1.10. The stock’s 50 day moving average price is $74.52 and its 200 day moving average price is $73.44.

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.