Belpointe Asset Management LLC Purchases Shares of 5,659 Utilities SPDR (XLU)

Belpointe Asset Management LLC purchased a new stake in Utilities SPDR (NYSEARCA:XLU) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 5,659 shares of the exchange traded fund’s stock, valued at approximately $300,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Advisory Services Network LLC raised its holdings in Utilities SPDR by 0.8% in the 2nd quarter. Advisory Services Network LLC now owns 5,389 shares of the exchange traded fund’s stock valued at $280,000 after acquiring an additional 45 shares during the last quarter. Segment Wealth Management LLC raised its holdings in Utilities SPDR by 0.8% in the 2nd quarter. Segment Wealth Management LLC now owns 7,567 shares of the exchange traded fund’s stock valued at $393,000 after acquiring an additional 61 shares during the last quarter. Johnson Financial Group Inc. raised its holdings in Utilities SPDR by 1.9% in the 2nd quarter. Johnson Financial Group Inc. now owns 4,271 shares of the exchange traded fund’s stock valued at $222,000 after acquiring an additional 81 shares during the last quarter. Lincoln National Corp raised its holdings in Utilities SPDR by 1.3% in the 2nd quarter. Lincoln National Corp now owns 7,744 shares of the exchange traded fund’s stock valued at $403,000 after acquiring an additional 98 shares during the last quarter. Finally, Davidson & Garrard Inc. raised its holdings in Utilities SPDR by 1.5% in the 2nd quarter. Davidson & Garrard Inc. now owns 6,635 shares of the exchange traded fund’s stock valued at $345,000 after acquiring an additional 100 shares during the last quarter.

Shares of Utilities SPDR (NYSEARCA XLU) traded down $0.31 on Friday, reaching $55.02. The company’s stock had a trading volume of 2,950,000 shares. Utilities SPDR has a 52 week low of $47.84 and a 52 week high of $57.23.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Monday, December 18th will be issued a $0.5112 dividend. The ex-dividend date of this dividend is Friday, December 15th. This is an increase from Utilities SPDR’s previous quarterly dividend of $0.42. This represents a $2.04 annualized dividend and a yield of 3.72%. Utilities SPDR’s payout ratio is 53.80%.

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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.

Institutional Ownership by Quarter for Utilities SPDR (NYSEARCA:XLU)

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