Liberty One Investment Management LLC Reduces Stake in SPDR S&P Telecom ETF (NYSEARCA:XTL)

Liberty One Investment Management LLC lessened its stake in shares of SPDR S&P Telecom ETF (NYSEARCA:XTL) by 1.8% during the 4th quarter, Holdings Channel reports. The fund owned 14,396 shares of the company’s stock after selling 264 shares during the quarter. Liberty One Investment Management LLC’s holdings in SPDR S&P Telecom ETF were worth $1,541,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New Harbor Financial Group LLC acquired a new stake in shares of SPDR S&P Telecom ETF during the 3rd quarter worth about $12,976,000. Roman Butler Fullerton & Co. acquired a new stake in shares of SPDR S&P Telecom ETF during the third quarter valued at about $553,000. Cetera Investment Advisers raised its stake in shares of SPDR S&P Telecom ETF by 16.1% in the 2nd quarter. Cetera Investment Advisers now owns 37,519 shares of the company’s stock valued at $2,895,000 after acquiring an additional 5,189 shares during the period. Finally, Westwind Capital acquired a new position in shares of SPDR S&P Telecom ETF in the 4th quarter worth approximately $524,000.

SPDR S&P Telecom ETF Stock Performance

SPDR S&P Telecom ETF stock opened at $108.27 on Friday. SPDR S&P Telecom ETF has a fifty-two week low of $67.08 and a fifty-two week high of $112.26. The firm has a 50 day moving average price of $108.34 and a 200 day moving average price of $98.72. The company has a market capitalization of $83.91 million, a PE ratio of 22.20 and a beta of 1.10.

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.