Utilities SPDR (XLU) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its position in shares of Utilities SPDR (NYSEARCA:XLU) by 36.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,551 shares of the exchange traded fund’s stock after selling 22,275 shares during the period. Stifel Financial Corp’s holdings in Utilities SPDR were worth $1,934,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its position in shares of Utilities SPDR by 22.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 60,378 shares of the exchange traded fund’s stock valued at $3,181,000 after buying an additional 11,024 shares during the last quarter. BlackRock Inc. increased its stake in Utilities SPDR by 50.8% in the fourth quarter. BlackRock Inc. now owns 1,071,224 shares of the exchange traded fund’s stock valued at $56,432,000 after acquiring an additional 360,700 shares during the period. UBS Asset Management Americas Inc. increased its stake in Utilities SPDR by 5.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 45,647 shares of the exchange traded fund’s stock valued at $2,405,000 after acquiring an additional 2,269 shares during the period. First Republic Investment Management Inc. increased its stake in Utilities SPDR by 4.3% in the fourth quarter. First Republic Investment Management Inc. now owns 30,828 shares of the exchange traded fund’s stock valued at $1,624,000 after acquiring an additional 1,275 shares during the period. Finally, Swan Global Investments LLC increased its stake in Utilities SPDR by 7.6% in the fourth quarter. Swan Global Investments LLC now owns 7,811,866 shares of the exchange traded fund’s stock valued at $411,295,000 after acquiring an additional 549,805 shares during the period.

Utilities SPDR opened at $50.75 on Friday, according to MarketBeat.com. Utilities SPDR has a twelve month low of $47.37 and a twelve month high of $57.23.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 20th. Investors of record on Monday, June 18th were paid a $0.4405 dividend. The ex-dividend date was Friday, June 15th. This represents a $1.76 dividend on an annualized basis and a yield of 3.47%. This is a boost from Utilities SPDR’s previous quarterly dividend of $0.39.

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.

Institutional Ownership by Quarter for Utilities SPDR (NYSEARCA:XLU)

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