Lucas Capital Management bought a new position in Utilities SPDR (NYSEARCA:XLU) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 6,655 shares of the exchange traded fund’s stock, valued at approximately $351,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Advisory Services Network LLC increased its stake in Utilities SPDR by 0.8% during the 2nd quarter. Advisory Services Network LLC now owns 5,389 shares of the exchange traded fund’s stock valued at $280,000 after purchasing an additional 45 shares in the last quarter. D.A. Davidson & CO. increased its stake in 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 valued at $139,000 after purchasing an additional 235 shares in the last quarter. Clear Perspective Advisors LLC increased its stake in Utilities SPDR by 4.7% during the 2nd quarter. Clear Perspective Advisors LLC now owns 10,355 shares of the exchange traded fund’s stock valued at $538,000 after purchasing an additional 468 shares in the last quarter. WFG Advisors LP grew its stake in shares of Utilities SPDR by 18.5% in the second quarter. WFG Advisors LP now owns 3,037 shares of the exchange traded fund’s stock worth $158,000 after acquiring an additional 475 shares during the period. Finally, Bangor Savings Bank grew its stake in shares of Utilities SPDR by 2.1% in the second quarter. Bangor Savings Bank now owns 28,532 shares of the exchange traded fund’s stock worth $1,483,000 after acquiring an additional 576 shares during the period.
Shares of Utilities SPDR (XLU) traded down $0.34 during mid-day trading on Wednesday, hitting $48.81. 6,396,545 shares of the stock were exchanged, compared to its average volume of 22,154,109. Utilities SPDR has a 52-week low of $47.37 and a 52-week high of $57.23. The company has a market capitalization of $7,390.00 and a price-to-earnings ratio of 15.47.
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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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