Kaizen Financial Strategies Cuts Position in SPDR S&P Telecom ETF $XTL

Kaizen Financial Strategies reduced its stake in shares of SPDR S&P Telecom ETF (NYSEARCA:XTL) by 50.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,010 shares of the company’s stock after selling 3,035 shares during the quarter. Kaizen Financial Strategies owned about 0.12% of SPDR S&P Telecom ETF worth $611,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Pacific Sun Financial Corp lifted its stake in SPDR S&P Telecom ETF by 1.8% in the first quarter. Pacific Sun Financial Corp now owns 2,790 shares of the company’s stock valued at $525,000 after buying an additional 50 shares during the last quarter. Avior Wealth Management LLC grew its position in shares of SPDR S&P Telecom ETF by 6.1% during the second quarter. Avior Wealth Management LLC now owns 3,616 shares of the company’s stock worth $823,000 after acquiring an additional 209 shares during the last quarter. Liberty One Investment Management LLC grew its position in shares of SPDR S&P Telecom ETF by 3.1% during the first quarter. Liberty One Investment Management LLC now owns 9,023 shares of the company’s stock worth $1,697,000 after acquiring an additional 269 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of SPDR S&P Telecom ETF by 44.5% in the 1st quarter. International Assets Investment Management LLC now owns 1,233 shares of the company’s stock worth $235,000 after acquiring an additional 380 shares during the period. Finally, Integrity Financial Corp WA acquired a new stake in shares of SPDR S&P Telecom ETF in the 2nd quarter worth about $100,000.

SPDR S&P Telecom ETF Trading Down 0.4%

NYSEARCA:XTL traded down $0.93 during mid-day trading on Friday, hitting $206.37. The stock had a trading volume of 43,417 shares, compared to its average volume of 72,189. The company has a 50 day simple moving average of $210.70 and a 200-day simple moving average of $215.06. The stock has a market capitalization of $536.56 million, a price-to-earnings ratio of 17.49 and a beta of 1.17. SPDR S&P Telecom ETF has a 52 week low of $131.25 and a 52 week 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.