Sandy Spring Bank decreased its position in shares of Utilities SPDR (NYSE:XLU) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 59,734 shares of the exchange traded fund’s stock after selling 697 shares during the quarter. Sandy Spring Bank’s holdings in Utilities SPDR were worth $3,103,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in XLU. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new position in Utilities SPDR during the 2nd quarter worth approximately $1,270,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new position in Utilities SPDR during the 2nd quarter worth approximately $3,533,000. FineMark National Bank & Trust raised its holdings in Utilities SPDR by 35.2% during the 2nd quarter. FineMark National Bank & Trust now owns 5,929 shares of the exchange traded fund’s stock worth $308,000 after purchasing an additional 1,545 shares during the last quarter. Ferguson Wellman Capital Management Inc. bought a new position in Utilities SPDR during the 2nd quarter worth approximately $236,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in Utilities SPDR by 409.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,212 shares of the exchange traded fund’s stock worth $323,000 after purchasing an additional 8,220 shares during the last quarter.
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Utilities SPDR (NYSE:XLU) traded up 0.14% on Friday, reaching $54.75. 8,515,142 shares of the company’s stock traded hands. Utilities SPDR has a 12 month low of $45.33 and a 12 month high of $55.90. The firm’s 50-day moving average is $54.51 and its 200 day moving average is $52.77.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 18th will be paid a dividend of $0.4172 per share. This represents a $1.67 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Friday, September 15th.
Utilities SPDR 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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