Investors Buy Shares of Utilities SPDR (NYSE:XLU) on Weakness
Traders purchased shares of Utilities SPDR (NYSE:XLU) on weakness during trading hours on Friday. $63.43 million flowed into the stock on the tick-up and $39.53 million flowed out of the stock on the tick-down, for a money net flow of $23.90 million into the stock. Of all companies tracked, Utilities SPDR had the 13th highest net in-flow for the day. Utilities SPDR traded down ($0.32) for the day and closed at $53.74
The stock has a 50 day moving average of $52.74 and a 200 day moving average of $51.78. Utilities SPDR also was the recipient of some unusual options trading on Wednesday. Traders purchased 17,074 call options on the company. This is an increase of 165% compared to the average daily volume of 6,448 call options.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mizuho Trust & Banking Co. Ltd. boosted its position in Utilities SPDR by 820.0% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 920,000 shares of the exchange traded fund’s stock worth $47,803,000 after buying an additional 820,000 shares during the last quarter. Wechter Feldman Wealth Management Inc. acquired a new position in Utilities SPDR during the second quarter worth about $9,815,000. Florin Court Capital LLP boosted its position in Utilities SPDR by 123.3% in the second quarter. Florin Court Capital LLP now owns 259,700 shares of the exchange traded fund’s stock worth $13,494,000 after buying an additional 143,400 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Utilities SPDR by 68.0% in the second quarter. Ameriprise Financial Inc. now owns 296,741 shares of the exchange traded fund’s stock worth $15,407,000 after buying an additional 120,125 shares during the last quarter. Finally, MML Investors Services LLC acquired a new position in Utilities SPDR during the second quarter worth about $5,479,000.
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About Utilities SPDR
Select Sector Utilities Select Sector SPDR Fund (the Fund), formerly Utilities Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Utilities Select Sector of the S&P 500 Index (the Index). The Index includes companies from industries, such as electric utilities, multi-utilities, independent power producers and energy traders, and gas utilities.
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