Dow Chemical Co. DE increased its stake in shares of Utilities SPDR (NYSEARCA:XLU) by 41.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 411,893 shares of the exchange traded fund’s stock after acquiring an additional 120,790 shares during the period. Utilities SPDR accounts for about 5.4% of Dow Chemical Co. DE’s holdings, making the stock its 5th largest position. Dow Chemical Co. DE owned about 0.30% of Utilities SPDR worth $21,851,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. FineMark National Bank & Trust grew its holdings in Utilities SPDR by 35.2% in the 2nd quarter. FineMark National Bank & Trust now owns 5,929 shares of the exchange traded fund’s stock valued at $308,000 after buying an additional 1,545 shares during the last quarter. Ferguson Wellman Capital Management Inc. acquired a new stake in Utilities SPDR in the 2nd quarter valued at approximately $236,000. Benjamin F. Edwards & Company Inc. grew its holdings in Utilities SPDR by 409.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,212 shares of the exchange traded fund’s stock valued at $323,000 after buying an additional 8,220 shares during the last quarter. NGAM Advisors L.P. acquired a new stake in Utilities SPDR in the 2nd quarter valued at approximately $2,343,000. Finally, Florin Court Capital LLP grew its holdings in Utilities SPDR by 123.3% in the 2nd quarter. Florin Court Capital LLP now owns 259,700 shares of the exchange traded fund’s stock valued at $13,494,000 after buying an additional 143,400 shares during the last quarter.
Utilities SPDR (NYSEARCA XLU) traded up $0.09 on Monday, reaching $55.88. The company’s stock had a trading volume of 5,002,200 shares, compared to its average volume of 11,946,225. Utilities SPDR has a 12-month low of $46.04 and a 12-month high of $57.23.
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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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