Farmers & Merchants Trust Co of Chambersburg PA Has $1.30 Million Stock Position in SPDR S&P Telecom ETF (NYSEARCA:XTL)

Farmers & Merchants Trust Co of Chambersburg PA decreased its stake in SPDR S&P Telecom ETF (NYSEARCA:XTL) by 9.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,124 shares of the company’s stock after selling 1,193 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in SPDR S&P Telecom ETF were worth $1,298,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Westwind Capital acquired a new position in shares of SPDR S&P Telecom ETF in the 4th quarter valued at $524,000. Roman Butler Fullerton & Co. purchased a new stake in SPDR S&P Telecom ETF in the 3rd quarter worth about $553,000. Fiduciary Family Office LLC purchased a new stake in SPDR S&P Telecom ETF in the 4th quarter worth about $13,538,000. Finally, New Harbor Financial Group LLC purchased a new stake in SPDR S&P Telecom ETF in the 3rd quarter worth about $12,976,000.

SPDR S&P Telecom ETF Trading Up 2.3 %

Shares of SPDR S&P Telecom ETF stock opened at $112.14 on Friday. The stock has a 50-day moving average price of $108.77 and a 200 day moving average price of $102.33. The company has a market cap of $86.91 million, a P/E ratio of 22.20 and a beta of 1.10. SPDR S&P Telecom ETF has a 1 year low of $67.08 and a 1 year high of $113.50.

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.