Cetera Investment Advisers Increases Stake in SPDR S&P Telecom ETF (NYSEARCA:XTL)

Cetera Investment Advisers raised its holdings in shares of SPDR S&P Telecom ETF (NYSEARCA:XTL) by 16.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,519 shares of the company’s stock after acquiring an additional 5,189 shares during the quarter. Cetera Investment Advisers owned approximately 4.84% of SPDR S&P Telecom ETF worth $2,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. International Assets Investment Management LLC bought a new stake in SPDR S&P Telecom ETF during the 2nd quarter worth approximately $31,000. Cape Investment Advisory Inc. raised its position in shares of SPDR S&P Telecom ETF by 29.4% during the 1st quarter. Cape Investment Advisory Inc. now owns 2,141 shares of the company’s stock valued at $159,000 after purchasing an additional 487 shares during the period. Liberty One Investment Management LLC lifted its stake in shares of SPDR S&P Telecom ETF by 12.4% during the 2nd quarter. Liberty One Investment Management LLC now owns 14,967 shares of the company’s stock valued at $1,155,000 after buying an additional 1,652 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in SPDR S&P Telecom ETF by 3.9% in the 2nd quarter. Raymond James & Associates now owns 36,149 shares of the company’s stock worth $2,789,000 after buying an additional 1,361 shares during the period.

SPDR S&P Telecom ETF Stock Performance

Shares of XTL stock opened at $101.07 on Friday. The stock has a fifty day simple moving average of $94.75 and a two-hundred day simple moving average of $81.96. SPDR S&P Telecom ETF has a 52-week low of $64.09 and a 52-week high of $101.07. The firm has a market capitalization of $78.33 million, a PE ratio of 22.20 and a beta of 1.10.

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.