Shulman DeMeo Asset Management LLC Takes $263,000 Position in SPDR S&P Telecom ETF (NYSEARCA:XTL)

Shulman DeMeo Asset Management LLC bought a new stake in SPDR S&P Telecom ETF (NYSEARCA:XTL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,100 shares of the company’s stock, valued at approximately $263,000. Shulman DeMeo Asset Management LLC owned about 0.46% of SPDR S&P Telecom ETF at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Morgan Stanley grew its position in shares of SPDR S&P Telecom ETF by 23.1% in the third quarter. Morgan Stanley now owns 47,971 shares of the company’s stock valued at $3,240,000 after purchasing an additional 9,004 shares during the last quarter. LPL Financial LLC grew its position in shares of SPDR S&P Telecom ETF by 82.4% in the third quarter. LPL Financial LLC now owns 44,115 shares of the company’s stock valued at $2,979,000 after purchasing an additional 19,924 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of SPDR S&P Telecom ETF by 10.2% in the third quarter. Commonwealth Equity Services LLC now owns 24,745 shares of the company’s stock valued at $1,671,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Advisor Group Holdings Inc. grew its position in shares of SPDR S&P Telecom ETF by 11.5% in the second quarter. Advisor Group Holdings Inc. now owns 2,230 shares of the company’s stock valued at $155,000 after purchasing an additional 230 shares during the last quarter.

Shares of XTL stock opened at $88.31 on Thursday. The stock has a 50 day simple moving average of $83.68 and a 200 day simple moving average of $75.13. SPDR S&P Telecom ETF has a 1 year low of $48.47 and a 1 year high of $89.56.

Further Reading: What is meant by holder of record?

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

Receive News & Ratings for SPDR S&P Telecom ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Telecom ETF and related companies with MarketBeat.com's FREE daily email newsletter.