New Harbor Financial Group LLC Invests $12.98 Million in SPDR S&P Telecom ETF (NYSEARCA:XTL)

New Harbor Financial Group LLC purchased a new position in shares of SPDR S&P Telecom ETF (NYSEARCA:XTL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 128,951 shares of the company’s stock, valued at approximately $12,976,000. SPDR S&P Telecom ETF accounts for approximately 3.3% of New Harbor Financial Group LLC’s portfolio, making the stock its 9th biggest holding. New Harbor Financial Group LLC owned approximately 16.64% of SPDR S&P Telecom ETF as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Cape Investment Advisory Inc. increased its holdings in SPDR S&P Telecom ETF by 29.4% during the 1st quarter. Cape Investment Advisory Inc. now owns 2,141 shares of the company’s stock worth $159,000 after acquiring an additional 487 shares during the period. International Assets Investment Management LLC bought a new position in shares of SPDR S&P Telecom ETF during the second quarter valued at approximately $31,000. Cetera Investment Advisers purchased a new stake in shares of SPDR S&P Telecom ETF in the 1st quarter worth about $2,401,000. Raymond James & Associates lifted its holdings in SPDR S&P Telecom ETF by 3.9% in the second quarter. Raymond James & Associates now owns 36,149 shares of the company’s stock worth $2,789,000 after buying an additional 1,361 shares during the period. Finally, Liberty One Investment Management LLC boosted its position 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 purchasing an additional 1,652 shares in the last quarter.

SPDR S&P Telecom ETF Stock Performance

Shares of SPDR S&P Telecom ETF stock traded up $0.85 during midday trading on Thursday, hitting $104.10. The company had a trading volume of 4,063 shares, compared to its average volume of 7,041. SPDR S&P Telecom ETF has a 52-week low of $64.09 and a 52-week high of $104.18. The company has a 50 day moving average of $96.08 and a 200 day moving average of $82.80. The stock has a market capitalization of $80.68 million, a P/E ratio of 22.20 and a beta of 1.10.

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.