Picton Mahoney Asset Management Sells 8,875 Shares of Utilities SPDR (XLU)
Picton Mahoney Asset Management reduced its stake in Utilities SPDR (NYSE:XLU) by 71.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,625 shares of the exchange traded fund’s stock after selling 8,875 shares during the period. Picton Mahoney Asset Management’s holdings in Utilities SPDR were worth $189,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of XLU. Mizuho Trust & Banking Co. Ltd. grew its position in Utilities SPDR by 820.0% during 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 in the last quarter. Wechter Feldman Wealth Management Inc. bought a new position in Utilities SPDR during the 2nd quarter worth $9,815,000. Florin Court Capital LLP increased its stake in Utilities SPDR by 123.3% during the 2nd quarter. Florin Court Capital LLP now owns 259,700 shares of the exchange traded fund’s stock worth $13,494,000 after acquiring an additional 143,400 shares during the period. Ameriprise Financial Inc. raised its holdings in Utilities SPDR by 68.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 296,741 shares of the exchange traded fund’s stock valued at $15,407,000 after acquiring an additional 120,125 shares in the last quarter. Finally, Hanlon Investment Management Inc. raised its holdings in Utilities SPDR by 597.6% in the 2nd quarter. Hanlon Investment Management Inc. now owns 131,505 shares of the exchange traded fund’s stock valued at $6,833,000 after acquiring an additional 112,654 shares in the last quarter.
Shares of Utilities SPDR (NYSE XLU) traded down 0.85% during trading on Tuesday, reaching $52.69. The company’s stock had a trading volume of 2,502,167 shares. Utilities SPDR has a 52-week low of $45.33 and a 52-week high of $55.90. The stock has a 50-day moving average of $54.43 and a 200-day moving average of $52.97.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Monday, September 18th were issued a dividend of $0.4172 per share. The ex-dividend date of this dividend was Friday, September 15th. This represents a $1.67 dividend on an annualized basis and a yield of 3.14%.
Utilities SPDR Profile
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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