Raymond James Financial Inc. Makes New $3.43 Million Investment in SPDR S&P Telecom ETF (NYSEARCA:XTL)

Raymond James Financial Inc. acquired a new stake in shares of SPDR S&P Telecom ETF (NYSEARCA:XTL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 31,998 shares of the company’s stock, valued at approximately $3,425,000.

Other large investors have also modified their holdings of the company. Westwind Capital bought a new position in SPDR S&P Telecom ETF during the fourth quarter worth about $524,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of SPDR S&P Telecom ETF during the 4th quarter worth approximately $526,000. Private Advisor Group LLC bought a new position in shares of SPDR S&P Telecom ETF during the fourth quarter valued at $10,862,000. Fiduciary Family Office LLC acquired a new stake in shares of SPDR S&P Telecom ETF in the 4th quarter valued at $13,538,000. Finally, RPS Advisory Solutions LLC bought a new stake in shares of SPDR S&P Telecom ETF in the 4th quarter worth about $1,166,000.

SPDR S&P Telecom ETF Stock Down 1.1 %

Shares of XTL stock opened at $102.78 on Friday. The company has a market capitalization of $141.84 million, a P/E ratio of 15.86 and a beta of 1.03. 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 50-day moving average price of $107.27 and a 200 day moving average price of $105.51.

SPDR S&P Telecom ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were issued a $0.2714 dividend. The ex-dividend date was Monday, March 24th.

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.