SFI Advisors LLC Purchases New Shares in SPDR S&P Telecom ETF (NYSEARCA:XTL)

SFI Advisors LLC purchased a new stake in SPDR S&P Telecom ETF (NYSEARCA:XTL) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 41,088 shares of the company’s stock, valued at approximately $3,286,000. SPDR S&P Telecom ETF comprises about 2.8% of SFI Advisors LLC’s investment portfolio, making the stock its 12th biggest position. SFI Advisors LLC owned about 5.48% of SPDR S&P Telecom ETF at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Morgan Stanley grew its holdings in shares of SPDR S&P Telecom ETF by 100.9% during the fourth quarter. Morgan Stanley now owns 64,121 shares of the company’s stock worth $5,233,000 after buying an additional 32,205 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of SPDR S&P Telecom ETF during the third quarter worth about $2,092,000. Bank of America Corp DE grew its position in shares of SPDR S&P Telecom ETF by 456.5% during the fourth quarter. Bank of America Corp DE now owns 32,858 shares of the company’s stock worth $2,682,000 after acquiring an additional 26,954 shares during the last quarter. Raymond James & Associates lifted its holdings in SPDR S&P Telecom ETF by 190.1% in the first quarter. Raymond James & Associates now owns 21,282 shares of the company’s stock worth $1,973,000 after purchasing an additional 13,946 shares during the period. Finally, Financial Services Advisory Inc acquired a new stake in SPDR S&P Telecom ETF in the third quarter worth about $774,000.

SPDR S&P Telecom ETF Stock Performance

NYSEARCA XTL traded down $0.68 on Tuesday, reaching $67.48. The company’s stock had a trading volume of 329 shares, compared to its average volume of 3,316. SPDR S&P Telecom ETF has a twelve month low of $64.09 and a twelve month high of $80.80. The stock has a market cap of $52.30 million, a PE ratio of 22.40 and a beta of 1.10. The firm’s 50 day moving average is $74.34 and its two-hundred day moving average is $73.42.

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.