Quartz Partners LLC Cuts Holdings in SPDR S&P Telecom ETF $XTL

Quartz Partners LLC decreased its stake in SPDR S&P Telecom ETF (NYSEARCA:XTL) by 69.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 5,234 shares of the company’s stock after selling 11,635 shares during the quarter. Quartz Partners LLC’s holdings in SPDR S&P Telecom ETF were worth $984,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in XTL. CWM LLC bought a new stake in shares of SPDR S&P Telecom ETF during the 4th quarter worth $33,959,000. MinichMacGregor Wealth Management LLC purchased a new stake in SPDR S&P Telecom ETF during the first quarter valued at about $11,786,000. Castleark Management LLC bought a new stake in SPDR S&P Telecom ETF during the third quarter worth about $8,359,000. UBS Group AG lifted its stake in SPDR S&P Telecom ETF by 184.7% during the fourth quarter. UBS Group AG now owns 52,178 shares of the company’s stock worth $7,995,000 after purchasing an additional 33,851 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new stake in SPDR S&P Telecom ETF during the first quarter worth about $4,628,000.

SPDR S&P Telecom ETF Trading Down 2.5%

XTL opened at $207.59 on Friday. The stock has a market capitalization of $587.48 million, a P/E ratio of 17.49 and a beta of 1.15. The stock has a 50-day moving average price of $225.49 and a 200-day moving average price of $198.85. SPDR S&P Telecom ETF has a 12-month low of $114.88 and a 12-month high of $247.62.

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.