Spinnaker Trust Invests $3.19 Million in Utilities SPDR (XLU) Stock

Spinnaker Trust acquired a new position in Utilities SPDR (NYSE:XLU) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 60,154 shares of the exchange traded fund’s stock, valued at approximately $3,191,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Mizuho Trust & Banking Co. Ltd. lifted its holdings in Utilities SPDR by 820.0% in the 2nd quarter. Mizuho Trust & Banking Co. Ltd. now owns 920,000 shares of the exchange traded fund’s stock worth $47,803,000 after buying an additional 820,000 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Utilities SPDR by 11.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442,533 shares of the exchange traded fund’s stock worth $22,995,000 after buying an additional 45,655 shares during the period. BlueCrest Capital Management Ltd lifted its holdings in Utilities SPDR by 1,107.6% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 337,323 shares of the exchange traded fund’s stock worth $17,527,000 after buying an additional 309,390 shares during the period. Ameriprise Financial Inc. lifted its holdings in Utilities SPDR by 68.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 296,741 shares of the exchange traded fund’s stock worth $15,407,000 after buying an additional 120,125 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new stake in Utilities SPDR in the 2nd quarter worth approximately $15,238,000.

Utilities SPDR (NYSE XLU) traded down 0.16% during midday trading on Monday, reaching $54.96. The company’s stock had a trading volume of 1,959,870 shares. Utilities SPDR has a 12-month low of $45.33 and a 12-month high of $55.90. The company’s 50-day moving average is $54.15 and its 200 day moving average is $53.32.

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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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Institutional Ownership by Quarter for Utilities SPDR (NYSE:XLU)

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