Archford Capital Strategies LLC Decreases Holdings in Utilities SPDR (XLU)

Archford Capital Strategies LLC reduced its stake in Utilities SPDR (NYSE:XLU) by 57.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,899 shares of the exchange traded fund’s stock after selling 14,438 shares during the period. Archford Capital Strategies LLC’s holdings in Utilities SPDR were worth $758,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Cetera Investment Advisers boosted its stake in Utilities SPDR by 15.8% in the second quarter. Cetera Investment Advisers now owns 30,681 shares of the exchange traded fund’s stock valued at $1,598,000 after acquiring an additional 4,175 shares during the period. Advisory Services Network LLC boosted its position in shares of Utilities SPDR by 0.8% during the second quarter. Advisory Services Network LLC now owns 5,389 shares of the exchange traded fund’s stock worth $280,000 after buying an additional 45 shares during the period. Afam Capital Inc. boosted its position in shares of Utilities SPDR by 1,958.9% during the second quarter. Afam Capital Inc. now owns 119,150 shares of the exchange traded fund’s stock worth $6,191,000 after buying an additional 113,363 shares during the period. Bangor Savings Bank boosted its position in shares of Utilities SPDR by 2.1% during the second quarter. Bangor Savings Bank now owns 28,532 shares of the exchange traded fund’s stock worth $1,483,000 after buying an additional 576 shares during the period. Finally, Amussen Hunsaker & Associates LLC acquired a new position in shares of Utilities SPDR during the second quarter worth approximately $223,000.

Shares of Utilities SPDR (NYSE:XLU) traded down 0.48% during trading on Monday, hitting $53.89. The stock had a trading volume of 4,872,358 shares. The stock’s 50-day moving average price is $54.19 and its 200 day moving average price is $53.11. Utilities SPDR has a one year low of $45.33 and a one year high of $55.90.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 18th were issued a dividend of $0.4172 per share. This represents a $1.67 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Friday, September 15th.

WARNING: This article was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be vie

A number of other hedge funds also recently modified their holdings of the business. Cetera Investment Advisers boosted its stake in Utilities SPDR by 15.8% in the second quarter. Cetera Investment Advisers now owns 30,681 shares of the exchange traded fund’s stock valued at $1,598,000 after acquiring an additional 4,175 shares during the period. Advisory Services Network LLC boosted its position in shares of Utilities SPDR by 0.8% during the second quarter. Advisory Services Network LLC now owns 5,389 shares of the exchange traded fund’s stock worth $280,000 after buying an additional 45 shares during the period. Afam Capital Inc. boosted its position in shares of Utilities SPDR by 1,958.9% during the second quarter. Afam Capital Inc. now owns 119,150 shares of the exchange traded fund’s stock worth $6,191,000 after buying an additional 113,363 shares during the period. Bangor Savings Bank boosted its position in shares of Utilities SPDR by 2.1% during the second quarter. Bangor Savings Bank now owns 28,532 shares of the exchange traded fund’s stock worth $1,483,000 after buying an additional 576 shares during the period. Finally, Amussen Hunsaker & Associates LLC acquired a new position in shares of Utilities SPDR during the second quarter worth approximately $223,000.

Shares of Utilities SPDR (NYSE:XLU) traded down 0.48% during trading on Monday, hitting $53.89. The stock had a trading volume of 4,872,358 shares. The stock’s 50-day moving average price is $54.19 and its 200 day moving average price is $53.11. Utilities SPDR has a one year low of $45.33 and a one year high of $55.90.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 18th were issued a dividend of $0.4172 per share. This represents a $1.67 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Friday, September 15th.

WARNING: This article was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/16/archford-capital-strategies-llc-decreases-holdings-in-utilities-spdr-xlu.html.

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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