Investors Buy Utilities SPDR (XLU) on Weakness

Investors bought shares of Utilities SPDR (NYSEARCA:XLU) on weakness during trading on Thursday. $96.22 million flowed into the stock on the tick-up and $52.44 million flowed out of the stock on the tick-down, for a money net flow of $43.78 million into the stock. Of all stocks tracked, Utilities SPDR had the 8th highest net in-flow for the day. Utilities SPDR traded down ($0.02) for the day and closed at $51.88

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 20th. Shareholders of record on Monday, June 18th were issued a $0.4405 dividend. The ex-dividend date of this dividend was Friday, June 15th. This represents a $1.76 dividend on an annualized basis and a yield of 3.40%. This is an increase from Utilities SPDR’s previous quarterly dividend of $0.39.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Coyle Financial Counsel LLC bought a new stake in Utilities SPDR in the 1st quarter valued at about $102,000. Pin Oak Investment Advisors Inc. boosted its holdings in Utilities SPDR by 98.3% in the 1st quarter. Pin Oak Investment Advisors Inc. now owns 2,039 shares of the exchange traded fund’s stock valued at $103,000 after purchasing an additional 1,011 shares during the period. Prime Capital Investment Advisors LLC bought a new stake in Utilities SPDR in the 4th quarter valued at about $111,000. Mount Yale Investment Advisors LLC bought a new stake in Utilities SPDR in the 1st quarter valued at about $119,000. Finally, Adirondack Trust Co. bought a new stake in Utilities SPDR in the 1st quarter valued at about $120,000.

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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