NBT Bank N A NY Lowers Stake in Utilities SPDR (XLU)
NBT Bank N A NY lowered its stake in Utilities SPDR (NYSE:XLU) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,446 shares of the exchange traded fund’s stock after selling 1,634 shares during the period. NBT Bank N A NY’s holdings in Utilities SPDR were worth $3,192,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Wechter Feldman Wealth Management Inc. bought a new stake in shares of Utilities SPDR during the second quarter valued at about $9,815,000. Florin Court Capital LLP increased its stake in shares of 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 valued at $13,494,000 after buying an additional 143,400 shares during the period. Portfolio Strategies Inc bought a new stake in shares of Utilities SPDR during the second quarter valued at about $4,399,000. Leucadia National Corp increased its stake in shares of Utilities SPDR by 162.3% in the second quarter. Leucadia National Corp now owns 122,502 shares of the exchange traded fund’s stock valued at $6,365,000 after buying an additional 75,794 shares during the period. Finally, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD acquired a new stake in Utilities SPDR during the second quarter worth $3,533,000.
Utilities SPDR (NYSE:XLU) traded down 0.118% during midday trading on Wednesday, hitting $55.055. 1,347,794 shares of the stock were exchanged. The firm’s 50-day moving average price is $53.38 and its 200 day moving average price is $52.25. Utilities SPDR has a 1-year low of $45.33 and a 1-year high of $55.34. Utilities SPDR also saw some unusual options trading activity on Tuesday. Investors purchased 72,782 call options on the stock. This represents an increase of 448% compared to the typical volume of 13,293 call options.
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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