11.5% of XTL Holdings Seeing Recent Insider Buys

A look at the weighted underlying holdings of the SPDR S&P Telecom ETF (XTL) shows an impressive 11.5% of holdings on a weighted basis have experienced insider buying within the past six months.

Globalstar Inc (Symbol: GSAT), which makes up 1.70% of the SPDR S&P Telecom ETF (XTL), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $969,543 worth of GSAT, making it the #28 largest holding. The table below details the recent insider buying activity observed at GSAT:

GSAT — last trade: $1.38 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
11/07/2023 James Monroe III Director 188,300 $1.36 $256,088
12/19/2023 James F. Lynch Director 750,000 $1.69 $1,264,175
12/20/2023 James F. Lynch Director 500,000 $1.73 $863,800
12/29/2023 James F. Lynch Director 500,000 $1.93 $963,700
03/08/2024 James F. Lynch Director 1,320,000 $1.32 $1,747,614
03/12/2024 James F. Lynch Director 1,320,000 $1.43 $1,887,666
03/13/2024 James F. Lynch Director 660,000 $1.46 $960,300

10 ETFs With Stocks That Insiders Are Buying »

Also see:

• MLPs Hedge Funds Are Buying
• Institutional Holders of SPXS
• CION Dividend History

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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