SPDR S&P Telecom ETF (NYSEARCA:XTL) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers trimmed its stake in shares of SPDR S&P Telecom ETF (NYSEARCA:XTL) by 5.1% during the fourth quarter, Holdings Channel reports. The firm owned 35,713 shares of the company’s stock after selling 1,912 shares during the period. Cetera Investment Advisers’ holdings in SPDR S&P Telecom ETF were worth $3,823,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. LPL Financial LLC grew its stake in SPDR S&P Telecom ETF by 268.7% during the 4th quarter. LPL Financial LLC now owns 97,251 shares of the company’s stock worth $10,410,000 after buying an additional 70,873 shares during the last quarter. Blue Capital Inc. bought a new position in shares of SPDR S&P Telecom ETF during the fourth quarter worth about $2,296,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of SPDR S&P Telecom ETF in the 4th quarter worth about $526,000. Private Advisor Group LLC bought a new stake in SPDR S&P Telecom ETF in the 4th quarter valued at about $10,862,000. Finally, Raymond James Financial Inc. acquired a new position in SPDR S&P Telecom ETF during the 4th quarter valued at about $3,425,000.

SPDR S&P Telecom ETF Trading Up 0.8%

Shares of NYSEARCA:XTL opened at $105.59 on Friday. The firm’s 50 day moving average is $97.70 and its two-hundred day moving average is $104.48. The firm has a market capitalization of $108.76 million, a P/E ratio of 17.87 and a beta of 1.07. SPDR S&P Telecom ETF has a 52 week low of $72.42 and a 52 week high of $113.50.

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.