Mariner Investment Group LLC purchased a new stake in shares of Utilities SPDR (NYSEARCA:XLU) during the 4th quarter, HoldingsChannel reports. The fund purchased 10,000 shares of the exchange traded fund’s stock, valued at approximately $527,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in XLU. Valeo Financial Advisors LLC bought a new stake in shares of Utilities SPDR during the third quarter valued at approximately $109,000. First Interstate Bank grew its stake in shares of Utilities SPDR by 114.0% during the third quarter. First Interstate Bank now owns 2,140 shares of the exchange traded fund’s stock valued at $114,000 after purchasing an additional 1,140 shares during the last quarter. Price Capital Management Inc. bought a new stake in shares of Utilities SPDR during the fourth quarter valued at approximately $158,000. Country Trust Bank boosted its stake in Utilities SPDR by 205.3% in the fourth quarter. Country Trust Bank now owns 3,514 shares of the exchange traded fund’s stock valued at $185,000 after acquiring an additional 2,363 shares during the last quarter. Finally, Bristlecone Advisors LLC bought a new position in Utilities SPDR in the third quarter valued at approximately $186,000.
Utilities SPDR (NYSEARCA:XLU) opened at $50.12 on Monday. Utilities SPDR has a 52 week low of $47.37 and a 52 week high of $57.23. The stock has a market cap of $7,240.00 and a P/E ratio of 15.86.
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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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