Wealthfront Advisers LLC Acquires New Shares in SPDR S&P Telecom ETF (NYSEARCA:XTL)

Wealthfront Advisers LLC bought a new position in shares of SPDR S&P Telecom ETF (NYSEARCA:XTL) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 28,082 shares of the company’s stock, valued at approximately $3,006,000. Wealthfront Advisers LLC owned approximately 3.62% of SPDR S&P Telecom ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Westwind Capital bought a new position in shares of SPDR S&P Telecom ETF during the 4th quarter valued at about $524,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of SPDR S&P Telecom ETF in the fourth quarter valued at approximately $526,000. Private Advisor Group LLC bought a new stake in SPDR S&P Telecom ETF during the 4th quarter worth about $10,862,000. Fiduciary Family Office LLC acquired a new stake in shares of SPDR S&P Telecom ETF in the fourth quarter valued at about $13,538,000. Finally, RPS Advisory Solutions LLC acquired a new stake in shares of SPDR S&P Telecom ETF in the fourth quarter valued at about $1,166,000.

SPDR S&P Telecom ETF Stock Performance

Shares of NYSEARCA XTL opened at $99.49 on Friday. The stock has a 50 day moving average price of $107.86 and a 200 day moving average price of $104.80. The stock has a market capitalization of $137.30 million, a PE ratio of 15.86 and a beta of 1.03. SPDR S&P Telecom ETF has a 52 week low of $67.08 and a 52 week high of $113.50.

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.