Proficio Capital Partners LLC lowered its stake in Utilities SPDR (NYSE:XLU) by 41.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,186 shares of the exchange traded fund’s stock after selling 5,770 shares during the period. Proficio Capital Partners LLC’s holdings in Utilities SPDR were worth $440,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in XLU. Florin Court Capital LLP raised its position in Utilities SPDR by 123.3% in the second quarter. Florin Court Capital LLP now owns 259,700 shares of the exchange traded fund’s stock valued at $13,494,000 after buying an additional 143,400 shares in the last quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD purchased a new position in Utilities SPDR during the second quarter valued at approximately $3,533,000. NGAM Advisors L.P. purchased a new position in Utilities SPDR during the second quarter valued at approximately $2,343,000. Global X Management Co. LLC purchased a new position in Utilities SPDR during the second quarter valued at approximately $1,359,000. Finally, Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD purchased a new position in Utilities SPDR during the second quarter valued at approximately $1,270,000.
Utilities SPDR (NYSE:XLU) opened at 54.18 on Friday. The stock’s 50 day moving average is $52.90 and its 200 day moving average is $51.99. Utilities SPDR has a 52-week low of $45.33 and a 52-week high of $54.63.
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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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