SPDR S&P Telecom ETF $XTL Stock Sold by Compass Financial Management LLC

Compass Financial Management LLC lowered its position in shares of SPDR S&P Telecom ETF (NYSEARCA:XTL) by 70.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,442 shares of the company’s stock after selling 3,489 shares during the period. Compass Financial Management LLC’s holdings in SPDR S&P Telecom ETF were worth $293,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parkway Wealth Management Group LLC raised its stake in SPDR S&P Telecom ETF by 1.5% in the third quarter. Parkway Wealth Management Group LLC now owns 129,331 shares of the company’s stock valued at $26,253,000 after buying an additional 1,888 shares in the last quarter. MinichMacGregor Wealth Management LLC lifted its holdings in SPDR S&P Telecom ETF by 3.2% during the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 80,468 shares of the company’s stock worth $16,334,000 after buying an additional 2,472 shares during the last quarter. Bank of America Corp DE lifted its holdings in SPDR S&P Telecom ETF by 6.5% during the 1st quarter. Bank of America Corp DE now owns 80,922 shares of the company’s stock worth $15,218,000 after buying an additional 4,960 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of SPDR S&P Telecom ETF during the 1st quarter worth about $4,628,000. Finally, NewEdge Advisors LLC boosted its position in shares of SPDR S&P Telecom ETF by 413.8% during the 2nd quarter. NewEdge Advisors LLC now owns 10,163 shares of the company’s stock worth $2,312,000 after acquiring an additional 8,185 shares in the last quarter.

SPDR S&P Telecom ETF Price Performance

Shares of XTL traded up $5.84 during mid-day trading on Friday, reaching $175.47. The company’s stock had a trading volume of 34,320 shares, compared to its average volume of 69,781. SPDR S&P Telecom ETF has a 12-month low of $131.25 and a 12-month high of $247.62. The stock has a market cap of $424.64 million, a PE ratio of 17.49 and a beta of 1.22. The company’s 50 day moving average is $199.99 and its 200 day moving average is $204.46.

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.