Investors Buy Utilities SPDR (XLU) on Weakness

Traders bought shares of Utilities SPDR (NYSEARCA:XLU) on weakness during trading on Thursday. $125.54 million flowed into the stock on the tick-up and $81.54 million flowed out of the stock on the tick-down, for a money net flow of $44.00 million into the stock. Of all stocks tracked, Utilities SPDR had the 13th highest net in-flow for the day. Utilities SPDR traded down ($0.43) for the day and closed at $51.35

The firm has a market cap of $7,320.00 and a PE ratio of 16.24.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders 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 annualized dividend and a dividend yield of 3.98%. Utilities SPDR’s payout ratio is currently 55.38%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Swan Global Investments LLC raised its holdings in Utilities SPDR by 6.2% during the third quarter. Swan Global Investments LLC now owns 7,262,061 shares of the exchange traded fund’s stock worth $385,543,000 after purchasing an additional 421,127 shares in the last quarter. TD Asset Management Inc. raised its holdings in Utilities SPDR by 273.3% during the third quarter. TD Asset Management Inc. now owns 2,400,000 shares of the exchange traded fund’s stock worth $127,320,000 after purchasing an additional 1,757,000 shares in the last quarter. Psagot Investment House Ltd. raised its holdings in Utilities SPDR by 346.2% during the third quarter. Psagot Investment House Ltd. now owns 1,109,723 shares of the exchange traded fund’s stock worth $58,871,000 after purchasing an additional 861,017 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Utilities SPDR by 11.5% during the second 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 in the last quarter. Finally, Dow Chemical Co. DE raised its holdings in Utilities SPDR by 41.5% during the third quarter. Dow Chemical Co. DE now owns 411,893 shares of the exchange traded fund’s stock worth $21,851,000 after purchasing an additional 120,790 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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