Traders Buy Shares of Utilities Select Sector SPDR Fund (XLU) on Weakness

Investors purchased shares of Utilities Select Sector SPDR Fund (NYSEARCA:XLU) on weakness during trading hours on Monday. $179.16 million flowed into the stock on the tick-up and $53.66 million flowed out of the stock on the tick-down, for a money net flow of $125.50 million into the stock. Of all equities tracked, Utilities Select Sector SPDR Fund had the 7th highest net in-flow for the day. Utilities Select Sector SPDR Fund traded down ($0.02) for the day and closed at $55.66

A number of large investors have recently made changes to their positions in XLU. Doyle Wealth Management bought a new stake in shares of Utilities Select Sector SPDR Fund during the fourth quarter worth $33,000. Highwater Wealth Management LLC bought a new stake in shares of Utilities Select Sector SPDR Fund during the fourth quarter worth $33,000. Cordasco Financial Network bought a new stake in shares of Utilities Select Sector SPDR Fund during the fourth quarter worth $46,000. Karp Capital Management Corp bought a new stake in shares of Utilities Select Sector SPDR Fund during the fourth quarter worth $48,000. Finally, Patriot Financial Group Insurance Agency LLC grew its stake in shares of Utilities Select Sector SPDR Fund by 961.5% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 966 shares of the exchange traded fund’s stock worth $51,000 after buying an additional 875 shares during the last quarter.

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About Utilities Select Sector SPDR Fund (NYSEARCA:XLU)

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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