Quartz Partners LLC Trims Stock Position in SPDR S&P Telecom ETF $XTL

Quartz Partners LLC lessened its position in shares of SPDR S&P Telecom ETF (NYSEARCA:XTL) by 69.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,234 shares of the company’s stock after selling 11,635 shares during the period. Quartz Partners LLC owned approximately 0.15% of SPDR S&P Telecom ETF worth $984,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new position in shares of SPDR S&P Telecom ETF in the fourth quarter worth $80,000. International Assets Investment Management LLC bought a new stake in SPDR S&P Telecom ETF during the fourth quarter valued at $131,000. Harbour Investments Inc. bought a new stake in SPDR S&P Telecom ETF during the fourth quarter valued at $150,000. Larry Mathis Financial Planning LLC bought a new stake in SPDR S&P Telecom ETF during the first quarter valued at $215,000. Finally, Higgins & Schmidt Wealth Strategies LLC purchased a new position in SPDR S&P Telecom ETF during the first quarter worth about $244,000.

SPDR S&P Telecom ETF Stock Down 2.5%

Shares of NYSEARCA XTL opened at $207.59 on Friday. The firm has a market capitalization of $587.48 million, a P/E ratio of 17.49 and a beta of 1.15. The stock’s 50-day simple moving average is $225.49 and its two-hundred day simple moving average is $198.85. SPDR S&P Telecom ETF has a twelve month low of $114.88 and a twelve month high of $247.62.

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.