Pacific Sun Financial Corp Has $294,000 Holdings in SPDR S&P Telecom ETF (NYSEARCA:XTL)

Pacific Sun Financial Corp reduced its position in SPDR S&P Telecom ETF (NYSEARCA:XTL) by 6.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,920 shares of the company’s stock after selling 190 shares during the quarter. Pacific Sun Financial Corp’s holdings in SPDR S&P Telecom ETF were worth $294,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Investment Advisers bought a new position in shares of SPDR S&P Telecom ETF in the first quarter worth about $2,401,000. Liberty One Investment Management LLC raised its stake in shares of SPDR S&P Telecom ETF by 12.4% during the second quarter. Liberty One Investment Management LLC now owns 14,967 shares of the company’s stock valued at $1,155,000 after acquiring an additional 1,652 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of SPDR S&P Telecom ETF by 3.9% during the second quarter. Raymond James & Associates now owns 36,149 shares of the company’s stock worth $2,789,000 after purchasing an additional 1,361 shares during the period. Cape Investment Advisory Inc. grew its stake in shares of SPDR S&P Telecom ETF by 29.4% in the first quarter. Cape Investment Advisory Inc. now owns 2,141 shares of the company’s stock worth $159,000 after purchasing an additional 487 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in SPDR S&P Telecom ETF in the second quarter valued at $31,000.

SPDR S&P Telecom ETF Stock Up 0.8 %

Shares of NYSEARCA XTL traded up $0.76 during trading on Friday, reaching $100.87. The company had a trading volume of 2,052 shares, compared to its average volume of 7,072. The stock has a market cap of $78.17 million, a P/E ratio of 22.20 and a beta of 1.10. The company’s fifty day moving average price is $94.49 and its 200-day moving average price is $81.83. SPDR S&P Telecom ETF has a 12 month low of $64.09 and a 12 month high of $101.06.

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.