Fiduciary Family Office LLC Takes $13.54 Million Position in SPDR S&P Telecom ETF (NYSEARCA:XTL)

Fiduciary Family Office LLC purchased a new stake in SPDR S&P Telecom ETF (NYSEARCA:XTL) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 126,479 shares of the company’s stock, valued at approximately $13,538,000. SPDR S&P Telecom ETF accounts for about 4.0% of Fiduciary Family Office LLC’s investment portfolio, making the stock its 10th biggest holding. Fiduciary Family Office LLC owned about 0.16% of SPDR S&P Telecom ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Westwind Capital bought a new position in shares of SPDR S&P Telecom ETF in the 4th quarter valued at $524,000. Roman Butler Fullerton & Co. bought a new position in shares of SPDR S&P Telecom ETF in the 3rd quarter valued at $553,000. Cetera Investment Advisers increased its stake in shares of SPDR S&P Telecom ETF by 16.1% in the 2nd quarter. Cetera Investment Advisers now owns 37,519 shares of the company’s stock valued at $2,895,000 after purchasing an additional 5,189 shares during the last quarter. Finally, New Harbor Financial Group LLC bought a new stake in SPDR S&P Telecom ETF during the 3rd quarter worth $12,976,000.

SPDR S&P Telecom ETF Stock Up 1.1 %

Shares of XTL stock opened at $111.99 on Thursday. The firm has a market capitalization of $86.79 million, a P/E ratio of 22.20 and a beta of 1.10. SPDR S&P Telecom ETF has a twelve month low of $67.08 and a twelve month high of $112.26. The stock’s fifty day simple moving average is $108.47 and its 200 day simple moving average is $99.40.

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.