Investors Buy Utilities SPDR (XLU) on Weakness

Investors bought shares of Utilities SPDR (NYSEARCA:XLU) on weakness during trading on Wednesday. $144.27 million flowed into the stock on the tick-up and $54.31 million flowed out of the stock on the tick-down, for a money net flow of $89.96 million into the stock. Of all stocks tracked, Utilities SPDR had the 8th highest net in-flow for the day. Utilities SPDR traded down ($0.42) for the day and closed at $53.00

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Monday, December 18th will be issued a $0.5112 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date is Friday, December 15th. This is a positive change from Utilities SPDR’s previous quarterly dividend of $0.42. Utilities SPDR’s dividend payout ratio (DPR) is 55.38%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Valeo Financial Advisors LLC acquired a new stake in Utilities SPDR during the 3rd quarter valued at approximately $109,000. First Interstate Bank grew its position in shares of Utilities SPDR by 114.0% during the 3rd quarter. First Interstate Bank now owns 2,140 shares of the exchange traded fund’s stock worth $114,000 after buying an additional 1,140 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Utilities SPDR during the 2nd quarter worth approximately $120,000. D.A. Davidson & CO. grew its position in shares of Utilities SPDR by 9.6% during the 2nd quarter. D.A. Davidson & CO. now owns 2,693 shares of the exchange traded fund’s stock worth $139,000 after buying an additional 235 shares during the period. Finally, WFG Advisors LP grew its position in shares of Utilities SPDR by 18.5% during the 2nd quarter. WFG Advisors LP now owns 3,037 shares of the exchange traded fund’s stock worth $158,000 after buying an additional 475 shares during the period.

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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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