Benjamin F. Edwards & Company Inc. reduced its position in Utilities SPDR (NYSEARCA:XLU) by 53.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,015 shares of the exchange traded fund’s stock after selling 9,163 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Utilities SPDR were worth $422,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Prudential Financial Inc. boosted its position in shares of Utilities SPDR by 63.9% during the 2nd quarter. Prudential Financial Inc. now owns 10,000 shares of the exchange traded fund’s stock worth $520,000 after purchasing an additional 3,900 shares in the last quarter. Stephens Inc. AR purchased a new stake in shares of Utilities SPDR during the 2nd quarter worth $231,000. Ameriprise Financial Inc. boosted its position in shares of Utilities SPDR by 68.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 296,741 shares of the exchange traded fund’s stock worth $15,407,000 after purchasing an additional 120,125 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in shares of Utilities SPDR during the 2nd quarter worth $3,275,000. Finally, Rafferty Asset Management LLC purchased a new stake in shares of Utilities SPDR during the 2nd quarter worth $1,135,000.
Shares of Utilities SPDR (NYSEARCA XLU) traded up $0.37 during midday trading on Monday, hitting $48.93. 8,750,000 shares of the company’s stock traded hands. The stock has a market cap of $7,350.00 and a price-to-earnings ratio of 15.48. Utilities SPDR has a 52 week low of $47.37 and a 52 week high of $57.23.
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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.
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