Verus Capital Partners LLC Buys 9,118 Shares of SPDR S&P Telecom ETF $XTL

Verus Capital Partners LLC bought a new position in SPDR S&P Telecom ETF (NYSEARCA:XTL) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 9,118 shares of the company’s stock, valued at approximately $1,851,000. Verus Capital Partners LLC owned about 0.37% of SPDR S&P Telecom ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hsbc Holdings PLC acquired a new stake in SPDR S&P Telecom ETF during the 1st quarter worth about $4,628,000. Geneos Wealth Management Inc. purchased a new position in shares of SPDR S&P Telecom ETF in the first quarter worth about $2,066,000. NewEdge Advisors LLC lifted its holdings in shares of SPDR S&P Telecom ETF by 413.8% during the second quarter. NewEdge Advisors LLC now owns 10,163 shares of the company’s stock worth $2,312,000 after purchasing an additional 8,185 shares during the period. Financial Management Professionals Inc. acquired a new stake in shares of SPDR S&P Telecom ETF during the third quarter worth about $1,518,000. Finally, Brookstone Capital Management acquired a new stake in shares of SPDR S&P Telecom ETF during the third quarter worth about $1,066,000.

SPDR S&P Telecom ETF Stock Up 3.4%

Shares of NYSEARCA XTL opened at $175.47 on Friday. The business’s 50 day moving average price is $199.99 and its 200 day moving average price is $204.46. The firm has a market cap of $424.64 million, a P/E ratio of 17.49 and a beta of 1.22. 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.