Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Shares Scheduled to Split on Friday, December 5th

Shares of Utilities Select Sector SPDR Fund (NYSEARCA:XLUFree Report) are going to split on the morning of Friday, December 5th. The 2-1 split was recently announced. The newly created shares will be issued to shareholders after the market closes on Thursday, December 4th.

Utilities Select Sector SPDR Fund Stock Up 1.3%

Shares of NYSEARCA:XLU opened at $89.99 on Thursday. The firm’s 50-day simple moving average is $89.13 and its 200-day simple moving average is $85.20. The company has a market cap of $22.73 billion, a price-to-earnings ratio of 20.74 and a beta of 0.59. Utilities Select Sector SPDR Fund has a fifty-two week low of $71.02 and a fifty-two week high of $93.77.

Hedge Funds Weigh In On Utilities Select Sector SPDR Fund

Several institutional investors have recently added to or reduced their stakes in XLU. Brighton Jones LLC boosted its stake in shares of Utilities Select Sector SPDR Fund by 12.8% in the fourth quarter. Brighton Jones LLC now owns 3,823 shares of the exchange traded fund’s stock valued at $289,000 after purchasing an additional 433 shares during the period. HB Wealth Management LLC increased its position in Utilities Select Sector SPDR Fund by 111.6% in the first quarter. HB Wealth Management LLC now owns 12,470 shares of the exchange traded fund’s stock worth $983,000 after buying an additional 6,578 shares during the period. N.E.W. Advisory Services LLC acquired a new position in Utilities Select Sector SPDR Fund during the 1st quarter valued at about $35,000. Banque Cantonale Vaudoise bought a new stake in shares of Utilities Select Sector SPDR Fund during the first quarter valued at approximately $27,000. Finally, XTX Topco Ltd acquired a new position in Utilities Select Sector SPDR Fund during the 1st quarter worth $1,051,000. 90.06% of the stock is currently owned by institutional investors and hedge funds.

Utilities Select Sector SPDR Fund Company Profile

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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.

Further Reading

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