First Midwest Bank Trust Division decreased its stake in Utilities SPDR (NYSE:XLU) by 19.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,146 shares of the exchange traded fund’s stock after selling 1,700 shares during the period. First Midwest Bank Trust Division’s holdings in Utilities SPDR were worth $371,000 at the end of the most recent quarter.
Utilities SPDR (XLU) traded down 0.59% during trading on Friday, hitting $53.74. 9,336,331 shares of the company traded hands. Utilities SPDR has a 12-month low of $45.33 and a 12-month high of $54.63. The stock has a 50-day moving average price of $52.74 and a 200-day moving average price of $51.78. Utilities SPDR also was the target of unusually large options trading on Wednesday. Investors purchased 17,074 call options on the stock. This represents an increase of approximately 165% compared to the average daily volume of 6,448 call options.
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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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