Arrow Financial Corp boosted its stake in Utilities SPDR (NYSE:XLU) by 9.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,747 shares of the exchange traded fund’s stock after buying an additional 1,421 shares during the period. Arrow Financial Corp’s holdings in Utilities SPDR were worth $818,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new position in shares of Utilities SPDR during the second quarter valued at $1,270,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new position in shares of Utilities SPDR during the second quarter valued at $3,533,000. FineMark National Bank & Trust raised its position in shares of Utilities SPDR by 35.2% in the second quarter. FineMark National Bank & Trust now owns 5,929 shares of the exchange traded fund’s stock valued at $308,000 after buying an additional 1,545 shares during the last quarter. Ferguson Wellman Capital Management Inc. bought a new position in shares of Utilities SPDR during the second quarter valued at $236,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Utilities SPDR by 409.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,212 shares of the exchange traded fund’s stock valued at $323,000 after buying an additional 8,220 shares during the last quarter.
Shares of Utilities SPDR (XLU) traded up 0.59% during trading on Friday, hitting $54.50. 14,848,784 shares of the stock traded hands. Utilities SPDR has a 1-year low of $45.33 and a 1-year high of $54.76. The stock has a 50 day moving average price of $52.97 and a 200-day moving average price of $52.03.
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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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