A look at the weighted underlying holdings of the SPDR S&P Telecom ETF (XTL) shows an impressive 10.8% of holdings on a weighted basis have experienced insider buying within the past six months.
Globalstar Inc (Symbol: GSAT), which makes up 1.65% 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 $891,566 worth of GSAT, making it the #29 largest holding. The table below details the recent insider buying activity observed at GSAT:
GSAT — last trade: $1.28 — 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 |
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
