Investors Sell Shares of Utilities SPDR (XLU) on Strength (XLU)
Investors sold shares of Utilities SPDR (NYSE:XLU) on strength during trading hours on Tuesday. $45.63 million flowed into the stock on the tick-up and $69.18 million flowed out of the stock on the tick-down, for a money net flow of $23.55 million out of the stock. Of all stocks tracked, Utilities SPDR had the 12th highest net out-flow for the day. Utilities SPDR traded up $0.66 for the day and closed at $55.66
Several hedge funds have recently added to or reduced their stakes in XLU. Captrust Financial Advisors acquired a new stake in shares of Utilities SPDR in the 2nd quarter valued at $120,000. D.A. Davidson & CO. lifted its position in Utilities SPDR by 9.6% during the 2nd quarter. D.A. Davidson & CO. now owns 2,693 shares of the exchange traded fund’s stock worth $139,000 after acquiring an additional 235 shares during the last quarter. WFG Advisors LP lifted its position in Utilities SPDR by 18.5% during the 2nd quarter. WFG Advisors LP now owns 3,037 shares of the exchange traded fund’s stock worth $158,000 after acquiring an additional 475 shares during the last quarter. BB&T Investment Services Inc. acquired a new position in Utilities SPDR during the 2nd quarter worth $176,000. Finally, Bristlecone Advisors LLC acquired a new position in Utilities SPDR during the 3rd quarter worth $186,000.
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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