SPDR S&P Telecom ETF (NYSEARCA:XTL) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of SPDR S&P Telecom ETF (NYSEARCA:XTL) saw an uptick in trading volume on Friday . Approximately 220,949 shares traded hands during mid-day trading, an increase of 183% from the previous session’s volume of 77,996 shares.The stock last traded at $206.63 and had previously closed at $204.95.

SPDR S&P Telecom ETF Price Performance

The firm’s 50 day moving average is $221.95 and its 200 day moving average is $202.51. The company has a market capitalization of $570.13 million, a PE ratio of 17.49 and a beta of 1.15.

Hedge Funds Weigh In On SPDR S&P Telecom ETF

Hedge funds have recently modified their holdings of the company. Pacific Sun Financial Corp raised its holdings in SPDR S&P Telecom ETF by 1.8% in the first quarter. Pacific Sun Financial Corp now owns 2,790 shares of the company’s stock worth $525,000 after purchasing an additional 50 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of SPDR S&P Telecom ETF by 0.3% during the 4th quarter. Cetera Investment Advisers now owns 37,694 shares of the company’s stock valued at $5,775,000 after buying an additional 115 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of SPDR S&P Telecom ETF by 0.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 25,139 shares of the company’s stock valued at $3,852,000 after buying an additional 137 shares in the last quarter. Avior Wealth Management LLC grew its position in shares of SPDR S&P Telecom ETF by 6.1% in the 2nd quarter. Avior Wealth Management LLC now owns 3,616 shares of the company’s stock worth $823,000 after buying an additional 209 shares during the period. Finally, MML Investors Services LLC grew its position in shares of SPDR S&P Telecom ETF by 10.4% in the 4th quarter. MML Investors Services LLC now owns 2,551 shares of the company’s stock worth $391,000 after buying an additional 241 shares during the period.

SPDR S&P Telecom ETF Company Profile

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.