SPDR S&P Telecom ETF (NYSEARCA:XTL) Sees Large Volume Increase – Here’s What Happened

Shares of SPDR S&P Telecom ETF (NYSEARCA:XTL) saw an uptick in trading volume on Wednesday . 163,026 shares traded hands during mid-day trading, an increase of 115% from the previous session’s volume of 75,878 shares.The stock last traded at $221.43 and had previously closed at $220.91.

SPDR S&P Telecom ETF Stock Performance

The stock’s 50-day moving average is $220.41 and its 200 day moving average is $185.36. The firm has a market cap of $774.12 million, a P/E ratio of 17.49 and a beta of 1.14.

Institutional Trading of SPDR S&P Telecom ETF

A number of large investors have recently made changes to their positions in the company. Pacific Sun Financial Corp raised its stake in shares of SPDR S&P Telecom ETF by 1.8% in the 1st quarter. Pacific Sun Financial Corp now owns 2,790 shares of the company’s stock valued at $525,000 after purchasing an additional 50 shares during the period. Cetera Investment Advisers raised its position in shares of SPDR S&P Telecom ETF by 0.3% in the fourth 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. Kaizen Financial Strategies raised its position in shares of SPDR S&P Telecom ETF by 2.0% in the third quarter. Kaizen Financial Strategies now owns 6,245 shares of the company’s stock valued at $910,000 after buying an additional 125 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of SPDR S&P Telecom ETF by 0.5% in the fourth 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. Finally, Jones Financial Companies Lllp raised its position in shares of SPDR S&P Telecom ETF by 119.2% in the third quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock valued at $59,000 after buying an additional 230 shares in the last quarter.

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.