Investors 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 companies tracked, Utilities SPDR had the 0th highest net out-flow for the day. Utilities SPDR traded up $0.28 for the day and closed at $54.53
The firm has a 50-day moving average price of $54.22 and a 200-day moving average price of $53.09.
The firm also recently disclosed 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 dividend on an annualized basis and a yield of 3.06%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors acquired a new stake in Utilities SPDR in the 2nd quarter valued at about $120,000. D.A. Davidson & CO. grew its stake in Utilities SPDR by 9.6% in the 2nd quarter. D.A. Davidson & CO. now owns 2,693 shares of the exchange traded fund’s stock valued at $139,000 after acquiring an additional 235 shares during the last quarter. WFG Advisors LP grew its stake in Utilities SPDR by 18.5% in the 2nd quarter. WFG Advisors LP now owns 3,037 shares of the exchange traded fund’s stock valued at $158,000 after acquiring an additional 475 shares during the last quarter. BB&T Investment Services Inc. acquired a new stake in Utilities SPDR in the 2nd quarter valued at about $176,000. Finally, IndexIQ Advisors LLC grew its stake in Utilities SPDR by 665.2% in the 2nd quarter. IndexIQ Advisors LLC now owns 3,604 shares of the exchange traded fund’s stock valued at $188,000 after acquiring an additional 3,133 shares during the last quarter.
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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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