SPDR S&P Telecom ETF (NYSEARCA:XTL) Reaches New 52-Week High – Here’s Why

SPDR S&P Telecom ETF (NYSEARCA:XTL) shares hit a new 52-week high during trading on Thursday . The company traded as high as $225.13 and last traded at $225.13, with a volume of 96593 shares traded. The stock had previously closed at $214.30.

SPDR S&P Telecom ETF Stock Performance

The stock has a market capitalization of $778.35 million, a P/E ratio of 17.49 and a beta of 1.06. The stock has a 50 day moving average of $196.61 and a 200 day moving average of $169.38.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its stake in SPDR S&P Telecom ETF by 119.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock worth $59,000 after buying an additional 230 shares during the last quarter. Kestra Advisory Services LLC bought a new position in SPDR S&P Telecom ETF during the 4th quarter worth $80,000. International Assets Investment Management LLC bought a new position in SPDR S&P Telecom ETF during the 4th quarter worth $131,000. Harbour Investments Inc. bought a new position in SPDR S&P Telecom ETF during the 4th quarter worth $150,000. Finally, Envestnet Asset Management Inc. bought a new position in SPDR S&P Telecom ETF during the 2nd quarter worth $200,000.

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.