Concorde Asset Management LLC Cuts Stake in Utilities SPDR (XLU)

Concorde Asset Management LLC trimmed its position in Utilities SPDR (NYSE:XLU) by 35.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,002 shares of the exchange traded fund’s stock after selling 8,656 shares during the quarter. Concorde Asset Management LLC’s holdings in Utilities SPDR were worth $849,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Mizuho Trust & Banking Co. Ltd. raised its holdings in shares of 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 purchasing an additional 820,000 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 purchasing an additional 45,655 shares during the period. BlueCrest Capital Management Ltd raised its holdings in shares of 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 purchasing an additional 309,390 shares during the period. Florin Court Capital LLP raised its holdings in shares of Utilities SPDR by 19.8% in the 3rd quarter. Florin Court Capital LLP now owns 311,200 shares of the exchange traded fund’s stock worth $16,509,000 after purchasing an additional 51,500 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in shares of 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 purchasing an additional 120,125 shares during the period.

ILLEGAL ACTIVITY NOTICE: “Concorde Asset Management LLC Cuts Stake in Utilities SPDR (XLU)” was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of international copyright laws. The correct version of this piece can be viewed at https://www.com-unik.info/2017/11/03/concorde-asset-management-llc-cuts-stake-in-utilities-spdr-xlu.html.

Utilities SPDR Company 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.

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

What are top analysts saying about Utilities SPDR? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Utilities SPDR and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit