UBS Group AG boosted its position in SPDR S&P Telecom ETF (NYSEARCA:XTL – Free Report) by 184.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 52,178 shares of the company’s stock after buying an additional 33,851 shares during the quarter. UBS Group AG’s holdings in SPDR S&P Telecom ETF were worth $7,995,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. CWM LLC bought a new stake in SPDR S&P Telecom ETF during the fourth quarter worth $33,959,000. Bank of America Corp DE raised its holdings in shares of SPDR S&P Telecom ETF by 48.8% during the 3rd quarter. Bank of America Corp DE now owns 64,804 shares of the company’s stock worth $9,067,000 after buying an additional 21,242 shares in the last quarter. Castleark Management LLC bought a new stake in shares of SPDR S&P Telecom ETF during the 3rd quarter worth $8,359,000. Goldman Sachs Group Inc. lifted its position in shares of SPDR S&P Telecom ETF by 5.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 57,765 shares of the company’s stock worth $5,774,000 after buying an additional 2,771 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of SPDR S&P Telecom ETF by 2.5% in the 2nd quarter. Raymond James Financial Inc. now owns 33,485 shares of the company’s stock valued at $3,928,000 after purchasing an additional 805 shares in the last quarter.
SPDR S&P Telecom ETF Trading Down 0.8%
Shares of SPDR S&P Telecom ETF stock opened at $224.20 on Tuesday. The firm’s 50 day moving average is $205.90 and its 200 day moving average is $175.41. The firm has a market capitalization of $777.97 million, a PE ratio of 17.49 and a beta of 1.14. SPDR S&P Telecom ETF has a 1 year low of $101.24 and a 1 year high of $232.59.
SPDR S&P Telecom ETF Company 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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