Utilities SPDR (XLU) Shares Sold by PhaseCapital LP
PhaseCapital LP decreased its holdings in Utilities SPDR (NYSEARCA:XLU) by 83.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,798 shares of the exchange traded fund’s stock after selling 39,415 shares during the quarter. Utilities SPDR comprises approximately 0.9% of PhaseCapital LP’s portfolio, making the stock its 12th biggest position. PhaseCapital LP’s holdings in Utilities SPDR were worth $411,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Johnson Financial Group Inc. lifted its stake in Utilities SPDR by 441.1% in the fourth quarter. Johnson Financial Group Inc. now owns 23,058 shares of the exchange traded fund’s stock worth $1,215,000 after acquiring an additional 18,797 shares during the period. First Republic Investment Management Inc. lifted its stake in Utilities SPDR by 4.3% in the fourth quarter. First Republic Investment Management Inc. now owns 30,828 shares of the exchange traded fund’s stock worth $1,624,000 after acquiring an additional 1,275 shares during the period. Vantage Financial Partners Ltd. Inc. purchased a new stake in Utilities SPDR in the fourth quarter worth $3,338,000. Timber Hill LLC purchased a new stake in Utilities SPDR in the fourth quarter worth $8,257,000. Finally, Mariner Investment Group LLC purchased a new stake in Utilities SPDR in the fourth quarter worth $527,000.
Utilities SPDR (XLU) opened at $49.07 on Friday. The company has a market capitalization of $6,980.00 and a price-to-earnings ratio of 15.53. Utilities SPDR has a 52-week low of $47.37 and a 52-week high of $57.23.
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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