Avior Wealth Management LLC Invests $501,000 in SPDR S&P Telecom ETF $XTL

Avior Wealth Management LLC purchased a new position in shares of SPDR S&P Telecom ETF (NYSEARCA:XTL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,272 shares of the company’s stock, valued at approximately $501,000. Avior Wealth Management LLC owned 0.24% of SPDR S&P Telecom ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kaizen Financial Strategies boosted its stake in shares of SPDR S&P Telecom ETF by 2.0% during the 3rd quarter. Kaizen Financial Strategies now owns 6,245 shares of the company’s stock valued at $910,000 after buying an additional 125 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of SPDR S&P Telecom ETF by 119.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock valued at $59,000 after acquiring an additional 230 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of SPDR S&P Telecom ETF by 14.9% in the third quarter. Envestnet Asset Management Inc. now owns 1,961 shares of the company’s stock worth $274,000 after acquiring an additional 255 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of SPDR S&P Telecom ETF by 4.1% during the second quarter. Steward Partners Investment Advisory LLC now owns 11,970 shares of the company’s stock worth $1,404,000 after acquiring an additional 466 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of SPDR S&P Telecom ETF by 2.5% during the second quarter. Raymond James Financial Inc. now owns 33,485 shares of the company’s stock worth $3,928,000 after acquiring an additional 805 shares in the last quarter.

SPDR S&P Telecom ETF Trading Down 4.5%

XTL opened at $185.39 on Monday. The stock has a fifty day moving average price of $175.07 and a 200 day moving average price of $157.01. SPDR S&P Telecom ETF has a 1 year low of $84.68 and a 1 year high of $194.82. The stock has a market cap of $278.09 million, a price-to-earnings ratio of 17.49 and a beta of 1.11.

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.