Traders Buy Utilities SPDR (XLU) on Weakness
Traders purchased shares of Utilities SPDR (NYSE:XLU) on weakness during trading on Tuesday. $65.12 million flowed into the stock on the tick-up and $38.94 million flowed out of the stock on the tick-down, for a money net flow of $26.18 million into the stock. Of all equities tracked, Utilities SPDR had the 5th highest net in-flow for the day. Utilities SPDR traded down ($0.15) for the day and closed at $52.99
The company has a 50 day moving average of $54.43 and a 200 day moving average of $52.97.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Monday, September 18th were given a dividend of $0.4172 per share. This represents a $1.67 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date was Friday, September 15th.
Several hedge funds have recently added to or reduced their stakes in XLU. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD purchased a new stake in shares of Utilities SPDR during the second quarter worth about $1,270,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD purchased a new position in Utilities SPDR in the 2nd quarter valued at about $3,533,000. FineMark National Bank & Trust lifted its stake in Utilities SPDR by 35.2% in the 2nd quarter. FineMark National Bank & Trust now owns 5,929 shares of the exchange traded fund’s stock valued at $308,000 after buying an additional 1,545 shares in the last quarter. Ferguson Wellman Capital Management Inc. purchased a new position in Utilities SPDR in the 2nd quarter valued at about $236,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Utilities SPDR by 409.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,212 shares of the exchange traded fund’s stock valued at $323,000 after buying an additional 8,220 shares in the last quarter.
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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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