C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $526,000 in SPDR S&P Telecom ETF (NYSEARCA:XTL)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in SPDR S&P Telecom ETF (NYSEARCA:XTL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,911 shares of the company’s stock, valued at approximately $526,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors owned 0.63% of SPDR S&P Telecom ETF as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in XTL. Fiduciary Family Office LLC purchased a new position in shares of SPDR S&P Telecom ETF in the fourth quarter valued at about $13,538,000. Roman Butler Fullerton & Co. bought a new stake in shares of SPDR S&P Telecom ETF in the third quarter worth about $553,000. Finally, Westwind Capital purchased a new position in SPDR S&P Telecom ETF during the 4th quarter valued at about $524,000.

SPDR S&P Telecom ETF Price Performance

XTL opened at $112.40 on Thursday. The firm has a market capitalization of $87.11 million, a price-to-earnings ratio of 22.20 and a beta of 1.10. SPDR S&P Telecom ETF has a one year low of $67.08 and a one year high of $113.50. The business has a 50 day simple moving average of $108.99 and a two-hundred day simple moving average of $103.24.

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.