Blue Capital Inc. Sells 2,954 Shares of SPDR S&P Telecom ETF $XTL

Blue Capital Inc. lessened its stake in SPDR S&P Telecom ETF (NYSEARCA:XTL) by 22.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,004 shares of the company’s stock after selling 2,954 shares during the period. Blue Capital Inc.’s holdings in SPDR S&P Telecom ETF were worth $1,881,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new position in SPDR S&P Telecom ETF in the 4th quarter worth about $80,000. International Assets Investment Management LLC purchased a new stake in shares of SPDR S&P Telecom ETF in the fourth quarter valued at approximately $131,000. Harbour Investments Inc. purchased a new stake in shares of SPDR S&P Telecom ETF in the fourth quarter valued at approximately $150,000. Envestnet Asset Management Inc. bought a new position in SPDR S&P Telecom ETF in the second quarter worth approximately $200,000. Finally, NewEdge Advisors LLC bought a new position in SPDR S&P Telecom ETF in the fourth quarter worth approximately $212,000.

SPDR S&P Telecom ETF Stock Down 3.7%

XTL opened at $216.23 on Friday. The stock’s fifty day moving average is $226.24 and its two-hundred day moving average is $194.34. The company has a market capitalization of $702.75 million, a P/E ratio of 17.49 and a beta of 1.15. SPDR S&P Telecom ETF has a 52 week low of $114.88 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.