Traders Buy Shares of Utilities Select Sector SPDR Fund (XLU) on Weakness

Investors purchased shares of Utilities Select Sector SPDR Fund (NYSEARCA:XLU) on weakness during trading on Thursday. $240.36 million flowed into the stock on the tick-up and $166.99 million flowed out of the stock on the tick-down, for a money net flow of $73.37 million into the stock. Of all stocks tracked, Utilities Select Sector SPDR Fund had the 19th highest net in-flow for the day. Utilities Select Sector SPDR Fund traded down ($0.99) for the day and closed at $53.01

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 26th. Investors of record on Monday, September 24th were issued a dividend of $0.4749 per share. This is an increase from Utilities Select Sector SPDR Fund’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, September 21st. This represents a $1.90 annualized dividend and a dividend yield of 3.59%.

Hedge funds have recently made changes to their positions in the stock. Mainstay Capital Management LLC ADV bought a new stake in shares of Utilities Select Sector SPDR Fund during the 2nd quarter worth about $100,000. Mount Yale Investment Advisors LLC bought a new stake in Utilities Select Sector SPDR Fund in the 1st quarter valued at about $119,000. Zions Bancorporation bought a new stake in Utilities Select Sector SPDR Fund in the 2nd quarter valued at about $162,000. Sei Investments Co. boosted its holdings in Utilities Select Sector SPDR Fund by 51.1% in the 1st quarter. Sei Investments Co. now owns 3,893 shares of the exchange traded fund’s stock valued at $197,000 after purchasing an additional 1,316 shares during the period. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in Utilities Select Sector SPDR Fund in the 2nd quarter valued at about $201,000.

Utilities Select Sector SPDR Fund Company Profile (NYSEARCA:XLU)

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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