Investors purchased shares of Utilities SPDR (NYSEARCA:XLU) on weakness during trading on Wednesday. $133.39 million flowed into the stock on the tick-up and $111.67 million flowed out of the stock on the tick-down, for a money net flow of $21.72 million into the stock. Of all stocks tracked, Utilities SPDR had the 27th highest net in-flow for the day. Utilities SPDR traded down ($0.41) for the day and closed at $51.78

The company has a market capitalization of $7,380.00 and a price-to-earnings ratio of 16.39.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Monday, December 18th were issued a $0.5112 dividend. This is a boost from Utilities SPDR’s previous quarterly dividend of $0.42. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend was Friday, December 15th. Utilities SPDR’s dividend payout ratio (DPR) is currently 55.38%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC raised its position in Utilities SPDR by 0.8% in the 2nd quarter. Advisory Services Network LLC now owns 5,389 shares of the exchange traded fund’s stock valued at $280,000 after buying an additional 45 shares during the last quarter. Segment Wealth Management LLC raised its position in Utilities SPDR by 0.8% in the 2nd quarter. Segment Wealth Management LLC now owns 7,567 shares of the exchange traded fund’s stock valued at $393,000 after buying an additional 61 shares during the last quarter. Johnson Financial Group Inc. raised its position in Utilities SPDR by 1.9% in the 2nd quarter. Johnson Financial Group Inc. now owns 4,271 shares of the exchange traded fund’s stock valued at $222,000 after buying an additional 81 shares during the last quarter. Lee Capital Management LP raised its position in Utilities SPDR by 1.0% in the 2nd quarter. Lee Capital Management LP now owns 17,146 shares of the exchange traded fund’s stock valued at $891,000 after buying an additional 162 shares during the last quarter. Finally, D.A. Davidson & CO. increased its position in shares of 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 valued at $139,000 after purchasing an additional 235 shares during the last quarter.

COPYRIGHT VIOLATION NOTICE: “Traders Buy Utilities SPDR (XLU) on Weakness” was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this story on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this story can be viewed at https://www.watchlistnews.com/traders-buy-utilities-spdr-xlu-on-weakness-2/1793382.html.

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.

Receive News & Ratings for Utilities SPDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Utilities SPDR and related companies with MarketBeat.com's FREE daily email newsletter.