Utilities SPDR (XLU) Shares Sold by Simply Money Advisors
Simply Money Advisors lowered its stake in shares of Utilities SPDR (NYSEARCA:XLU) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,154 shares of the exchange traded fund’s stock after selling 4,406 shares during the period. Utilities SPDR accounts for 0.3% of Simply Money Advisors’ investment portfolio, making the stock its 26th biggest holding. Simply Money Advisors’ holdings in Utilities SPDR were worth $2,326,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Valeo Financial Advisors LLC purchased a new stake in shares of Utilities SPDR during the 3rd quarter worth approximately $109,000. First Interstate Bank increased its stake in shares of Utilities SPDR by 114.0% during the 3rd 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 stake in shares of Utilities SPDR during the 2nd quarter worth approximately $120,000. D.A. Davidson & CO. increased its stake 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 worth $139,000 after purchasing an additional 235 shares during the last quarter. Finally, WFG Advisors LP increased its stake in shares of Utilities SPDR by 18.5% during the 2nd 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.
Shares of Utilities SPDR (XLU) traded down $0.51 during mid-day trading on Tuesday, hitting $51.30. 15,437,262 shares of the stock traded hands, compared to its average volume of 16,865,150. Utilities SPDR has a 12 month low of $47.85 and a 12 month high of $57.23. The stock has a market cap of $7,000.00 and a price-to-earnings ratio of 16.23.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Monday, December 18th were paid a dividend of $0.5112 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $2.04 annualized dividend and a dividend yield of 3.99%. This is a positive change from Utilities SPDR’s previous quarterly dividend of $0.42. Utilities SPDR’s dividend payout ratio (DPR) is presently 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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