Utilities SPDR (XLU) Position Lifted by BKD Wealth Advisors LLC
BKD Wealth Advisors LLC increased its holdings in Utilities SPDR (NYSEARCA:XLU) by 11.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,756 shares of the exchange traded fund’s stock after acquiring an additional 1,788 shares during the quarter. BKD Wealth Advisors LLC’s holdings in Utilities SPDR were worth $935,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Valeo Financial Advisors LLC acquired a new position in shares of Utilities SPDR in the third quarter worth about $109,000. First Interstate Bank lifted its stake in shares of Utilities SPDR by 114.0% in the third quarter. First Interstate Bank now owns 2,140 shares of the exchange traded fund’s stock worth $114,000 after acquiring an additional 1,140 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of Utilities SPDR by 9.6% in the second quarter. D.A. Davidson & CO. now owns 2,693 shares of the exchange traded fund’s stock worth $139,000 after acquiring an additional 235 shares in the last quarter. WFG Advisors LP lifted its stake in shares of Utilities SPDR by 18.5% in the second quarter. WFG Advisors LP now owns 3,037 shares of the exchange traded fund’s stock worth $158,000 after acquiring an additional 475 shares in the last quarter. Finally, BB&T Investment Services Inc. acquired a new position in shares of Utilities SPDR in the second quarter worth about $176,000.
Utilities SPDR (XLU) traded down $0.10 during trading hours on Thursday, hitting $50.36. The company had a trading volume of 23,431,602 shares, compared to its average volume of 18,424,736. Utilities SPDR has a fifty-two week low of $48.11 and a fifty-two week high of $57.23. The firm has a market capitalization of $7,230.00 and a PE ratio of 15.94.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Monday, December 18th were paid a $0.5112 dividend. This is a boost from Utilities SPDR’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, December 15th. This represents a $2.04 annualized dividend and a dividend yield of 4.06%. Utilities SPDR’s payout ratio is 55.38%.
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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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