Traders sold shares of Utilities SPDR (NYSE:XLU) on strength during trading hours on Thursday. $46.36 million flowed into the stock on the tick-up and $144.61 million flowed out of the stock on the tick-down, for a money net flow of $98.25 million out of the stock. Of all equities tracked, Utilities SPDR had the 6th highest net out-flow for the day. Utilities SPDR traded up $0.28 for the day and closed at $54.53
The company’s 50-day moving average price is $54.24 and its 200 day moving average price is $53.07.
The company also recently declared a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Monday, September 18th were paid a $0.4172 dividend. The ex-dividend date was Friday, September 15th. This represents a $1.67 annualized dividend and a yield of 3.06%.
A number of hedge funds and other institutional investors have recently made changes to their positions in XLU. Mizuho Trust & Banking Co. Ltd. raised its holdings in Utilities SPDR by 820.0% in the 2nd quarter. Mizuho Trust & Banking Co. Ltd. now owns 920,000 shares of the exchange traded fund’s stock valued at $47,803,000 after acquiring an additional 820,000 shares in the last quarter. BlueCrest Capital Management Ltd raised its holdings in Utilities SPDR by 1,107.6% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 337,323 shares of the exchange traded fund’s stock valued at $17,527,000 after acquiring an additional 309,390 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in Utilities SPDR in the 2nd quarter valued at $15,238,000. Psagot Investment House Ltd. raised its holdings in Utilities SPDR by 2,649.3% in the 2nd quarter. Psagot Investment House Ltd. now owns 248,706 shares of the exchange traded fund’s stock valued at $12,923,000 after acquiring an additional 239,660 shares in the last quarter. Finally, Wechter Feldman Wealth Management Inc. acquired a new position in Utilities SPDR in the 2nd quarter valued at $9,815,000.
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About Utilities SPDR
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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