SPDR S&P Telecom ETF (NYSEARCA:XTL – Get Free Report)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $223.12 and last traded at $222.51, with a volume of 80383 shares trading hands. The stock had previously closed at $220.89.
SPDR S&P Telecom ETF Stock Performance
The stock has a market cap of $660.85 million, a price-to-earnings ratio of 17.49 and a beta of 1.06. The company’s 50 day simple moving average is $190.78 and its two-hundred day simple moving average is $166.19.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors bought a new stake in SPDR S&P Telecom ETF in the third quarter worth approximately $621,000. Avior Wealth Management LLC bought a new stake in SPDR S&P Telecom ETF in the fourth quarter worth approximately $501,000. FSA Wealth Partners Inc. bought a new stake in SPDR S&P Telecom ETF in the third quarter worth approximately $918,000. Financial Management Professionals Inc. bought a new stake in SPDR S&P Telecom ETF in the third quarter worth approximately $484,000. Finally, CWM LLC bought a new stake in SPDR S&P Telecom ETF in the fourth quarter worth approximately $33,959,000.
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.
Further Reading
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