Investors Buy Shares of Utilities SPDR (XLU) on Weakness

Traders bought shares of Utilities SPDR (NYSEARCA:XLU) on weakness during trading hours on Friday. $173.82 million flowed into the stock on the tick-up and $110.45 million flowed out of the stock on the tick-down, for a money net flow of $63.37 million into the stock. Of all stocks tracked, Utilities SPDR had the 10th highest net in-flow for the day. Utilities SPDR traded down ($0.02) for the day and closed at $51.33

The company has a market capitalization of $7,320.00 and a PE ratio of 16.24.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Monday, December 18th were given a dividend of $0.5112 per share. The ex-dividend date was Friday, December 15th. This is an increase from Utilities SPDR’s previous quarterly dividend of $0.42. This represents a $2.04 dividend on an annualized basis and a yield of 3.98%. Utilities SPDR’s dividend payout ratio (DPR) is 55.38%.

A number of hedge funds have recently added to or reduced their stakes in XLU. Valeo Financial Advisors LLC acquired a new stake in Utilities SPDR during the third quarter valued at approximately $109,000. First Interstate Bank boosted its holdings in Utilities SPDR by 114.0% during the third quarter. First Interstate Bank now owns 2,140 shares of the exchange traded fund’s stock valued at $114,000 after purchasing an additional 1,140 shares in the last quarter. Captrust Financial Advisors acquired a new stake in Utilities SPDR during the second quarter valued at approximately $120,000. D.A. Davidson & CO. boosted its holdings in Utilities SPDR by 9.6% during the second quarter. D.A. Davidson & CO. now owns 2,693 shares of the exchange traded fund’s stock valued at $139,000 after purchasing an additional 235 shares in the last quarter. Finally, WFG Advisors LP boosted its holdings in Utilities SPDR by 18.5% during the second quarter. WFG Advisors LP now owns 3,037 shares of the exchange traded fund’s stock valued at $158,000 after purchasing an additional 475 shares in the last quarter.

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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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