C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires New Holdings 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) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 4,911 shares of the company’s stock, valued at approximately $526,000.

A number of other institutional investors have also modified their holdings of XTL. Westwind Capital purchased a new position in shares of SPDR S&P Telecom ETF in the 4th quarter worth approximately $524,000. Roman Butler Fullerton & Co. purchased a new position in SPDR S&P Telecom ETF in the third quarter worth $553,000. Finally, Fiduciary Family Office LLC acquired a new position in shares of SPDR S&P Telecom ETF during the fourth quarter worth $13,538,000.

SPDR S&P Telecom ETF Trading Up 0.1 %

Shares of XTL opened at $112.40 on Thursday. The stock has a fifty day moving average price of $108.99 and a 200-day moving average price of $103.24. SPDR S&P Telecom ETF has a 12 month low of $67.08 and a 12 month high of $113.50. The firm has a market cap of $87.11 million, a PE ratio of 22.20 and a beta of 1.10.

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.