Westwind Capital Buys New Stake in SPDR S&P Telecom ETF (NYSEARCA:XTL)

Westwind Capital purchased a new stake in SPDR S&P Telecom ETF (NYSEARCA:XTL) in the 4th quarter, HoldingsChannel reports. The fund purchased 4,900 shares of the company’s stock, valued at approximately $524,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of XTL. New Harbor Financial Group LLC acquired a new stake in shares of SPDR S&P Telecom ETF in the third quarter valued at about $12,976,000. Roman Butler Fullerton & Co. acquired a new stake in SPDR S&P Telecom ETF in the third quarter valued at approximately $553,000. Finally, Cetera Investment Advisers raised its stake in shares of SPDR S&P Telecom ETF by 16.1% during the second quarter. Cetera Investment Advisers now owns 37,519 shares of the company’s stock valued at $2,895,000 after purchasing an additional 5,189 shares during the period.

SPDR S&P Telecom ETF Stock Down 1.9 %

Shares of NYSEARCA XTL traded down $2.04 during trading on Tuesday, reaching $106.92. 9,957 shares of the stock were exchanged, compared to its average volume of 23,104. The business’s 50-day moving average price is $107.83 and its 200 day moving average price is $96.97. The company has a market capitalization of $82.86 million, a price-to-earnings ratio of 22.20 and a beta of 1.10. SPDR S&P Telecom ETF has a twelve month low of $67.08 and a twelve month high of $112.26.

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.