Bank Hapoalim BM lowered its stake in Utilities SPDR (NYSE:XLU) by 9.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,626 shares of the exchange traded fund’s stock after selling 1,252 shares during the quarter. Bank Hapoalim BM’s holdings in Utilities SPDR were worth $604,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of XLU. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD purchased a new stake in Utilities SPDR in the second quarter worth approximately $1,270,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new position in Utilities SPDR in the second quarter worth approximately $3,533,000. FineMark National Bank & Trust raised its position in Utilities SPDR by 35.2% in the second quarter. FineMark National Bank & Trust now owns 5,929 shares of the exchange traded fund’s stock worth $308,000 after acquiring an additional 1,545 shares during the period. Ferguson Wellman Capital Management Inc. bought a new position in Utilities SPDR in the second quarter worth approximately $236,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in Utilities SPDR by 409.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,212 shares of the exchange traded fund’s stock worth $323,000 after acquiring an additional 8,220 shares during the period.
Utilities SPDR (XLU) traded down 0.429% on Monday, reaching $54.515. 2,361,704 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $54.51 and a 200 day moving average price of $52.77. Utilities SPDR has a 12-month low of $45.33 and a 12-month high of $55.90.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 18th will be given a dividend of $0.4172 per share. This represents a $1.67 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Friday, September 15th.
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.
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