Hsbc Holdings PLC bought a new position in SPDR S&P Telecom ETF (NYSEARCA:XTL – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 25,000 shares of the company’s stock, valued at approximately $4,628,000. Hsbc Holdings PLC owned 0.72% of SPDR S&P Telecom ETF at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC bought a new stake in shares of SPDR S&P Telecom ETF in the fourth quarter valued at about $33,959,000. MinichMacGregor Wealth Management LLC bought a new position in SPDR S&P Telecom ETF during the first quarter valued at about $11,786,000. Castleark Management LLC acquired a new position in SPDR S&P Telecom ETF in the 3rd quarter valued at approximately $8,359,000. UBS Group AG raised its holdings in SPDR S&P Telecom ETF by 184.7% in the 4th quarter. UBS Group AG now owns 52,178 shares of the company’s stock valued at $7,995,000 after acquiring an additional 33,851 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in SPDR S&P Telecom ETF by 48.8% in the 3rd quarter. Bank of America Corp DE now owns 64,804 shares of the company’s stock valued at $9,067,000 after acquiring an additional 21,242 shares in the last quarter.
SPDR S&P Telecom ETF Price Performance
Shares of XTL stock opened at $207.54 on Friday. SPDR S&P Telecom ETF has a one year low of $114.88 and a one year high of $247.62. The stock has a fifty day moving average price of $223.56 and a 200 day moving average price of $200.90. The stock has a market cap of $564.51 million, a P/E ratio of 17.49 and a beta of 1.15.
SPDR S&P Telecom ETF 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.
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