Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Reaches New 1-Year High at $65.53

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) hit a new 52-week high during trading on Wednesday . The company traded as high as $65.53 and last traded at $65.48, with a volume of 298476 shares traded. The stock had previously closed at $64.98.

The firm’s fifty day moving average price is $63.82 and its two-hundred day moving average price is $62.66.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Monday, December 23rd were given a $0.5012 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.06%. This is an increase from Utilities Select Sector SPDR Fund’s previous quarterly dividend of $0.43.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Morgan Stanley lifted its position in shares of Utilities Select Sector SPDR Fund by 28.3% during the 2nd quarter. Morgan Stanley now owns 16,694,570 shares of the exchange traded fund’s stock valued at $995,497,000 after buying an additional 3,686,098 shares in the last quarter. Lockheed Martin Investment Management Co. increased its holdings in Utilities Select Sector SPDR Fund by 67.4% in the 3rd quarter. Lockheed Martin Investment Management Co. now owns 1,833,800 shares of the exchange traded fund’s stock worth $118,720,000 after acquiring an additional 738,530 shares in the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives raised its position in Utilities Select Sector SPDR Fund by 1.0% during the third quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 1,695,634 shares of the exchange traded fund’s stock worth $109,775,000 after acquiring an additional 16,600 shares during the period. Psagot Investment House Ltd. raised its position in Utilities Select Sector SPDR Fund by 1.8% during the third quarter. Psagot Investment House Ltd. now owns 990,225 shares of the exchange traded fund’s stock worth $64,107,000 after acquiring an additional 17,330 shares during the period. Finally, CHURCHILL MANAGEMENT Corp purchased a new position in Utilities Select Sector SPDR Fund during the third quarter valued at $63,901,000.

About Utilities Select Sector SPDR Fund (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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