Commonwealth Equity Services LLC Sells 714 Shares of SPDR S&P Telecom ETF (NYSEARCA:XTL)

Commonwealth Equity Services LLC trimmed its stake in SPDR S&P Telecom ETF (NYSEARCA:XTLFree Report) by 3.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,082 shares of the company’s stock after selling 714 shares during the quarter. Commonwealth Equity Services LLC owned approximately 2.59% of SPDR S&P Telecom ETF worth $1,491,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of XTL. Prestige Wealth Management Group LLC increased its holdings in shares of SPDR S&P Telecom ETF by 26.1% in the first quarter. Prestige Wealth Management Group LLC now owns 1,408 shares of the company’s stock valued at $105,000 after purchasing an additional 291 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in SPDR S&P Telecom ETF by 11.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 22,344 shares of the company’s stock valued at $1,787,000 after acquiring an additional 2,290 shares during the period. Raymond James & Associates lifted its position in SPDR S&P Telecom ETF by 6.7% during the fourth quarter. Raymond James & Associates now owns 34,731 shares of the company’s stock worth $2,778,000 after acquiring an additional 2,181 shares during the last quarter. Finally, SFI Advisors LLC bought a new stake in shares of SPDR S&P Telecom ETF during the fourth quarter worth approximately $3,286,000.

SPDR S&P Telecom ETF Trading Up 0.2 %

NYSEARCA:XTL opened at $78.06 on Friday. The stock has a 50 day simple moving average of $74.63 and a 200 day simple moving average of $75.11. The stock has a market cap of $60.50 million, a P/E ratio of 22.20 and a beta of 1.10. SPDR S&P Telecom ETF has a 1-year low of $64.09 and a 1-year high of $80.80.

SPDR S&P Telecom ETF Company Profile

(Free Report)

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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Institutional Ownership by Quarter for SPDR S&P Telecom ETF (NYSEARCA:XTL)

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