Sheaff Brock Investment Advisors LLC Reduces Holdings in Utilities SPDR (XLU)
Sheaff Brock Investment Advisors LLC decreased its position in shares of Utilities SPDR (NYSEARCA:XLU) by 33.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,356 shares of the exchange traded fund’s stock after selling 3,128 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Utilities SPDR were worth $337,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. First Interstate Bank grew its holdings in shares of Utilities SPDR by 114.0% during the third quarter. First Interstate Bank now owns 2,140 shares of the exchange traded fund’s stock worth $114,000 after purchasing an additional 1,140 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of Utilities SPDR during the second quarter worth about $120,000. D.A. Davidson & CO. grew its holdings in shares of Utilities SPDR by 9.6% during the second quarter. D.A. Davidson & CO. now owns 2,693 shares of the exchange traded fund’s stock worth $139,000 after purchasing an additional 235 shares during the last quarter. WFG Advisors LP grew its holdings in shares of Utilities SPDR by 18.5% during the second quarter. WFG Advisors LP now owns 3,037 shares of the exchange traded fund’s stock worth $158,000 after purchasing an additional 475 shares during the last quarter. Finally, BB&T Investment Services Inc. purchased a new position in shares of Utilities SPDR during the second quarter worth about $176,000.
Utilities SPDR (NYSEARCA XLU) traded up $0.28 during midday trading on Wednesday, hitting $55.66. The company had a trading volume of 19,875,900 shares, compared to its average volume of 12,036,938. Utilities SPDR has a 52-week low of $46.66 and a 52-week high of $57.23.
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Utilities SPDR Company 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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