Spinnaker Trust bought a new stake in Utilities SPDR (NYSEARCA:XLU) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 60,154 shares of the exchange traded fund’s stock, valued at approximately $3,191,000.
A number of other institutional investors have also recently bought and sold shares of XLU. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD purchased a new stake in shares of Utilities SPDR in the second quarter valued at $1,270,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD purchased a new position in Utilities SPDR during the second quarter worth about $3,533,000. FineMark National Bank & Trust lifted its position in Utilities SPDR by 35.2% during the second quarter. FineMark National Bank & Trust now owns 5,929 shares of the exchange traded fund’s stock worth $308,000 after buying an additional 1,545 shares during the period. Ferguson Wellman Capital Management Inc. purchased a new position in shares of Utilities SPDR in the 2nd quarter worth about $236,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of Utilities SPDR by 409.4% in 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 period.
Utilities SPDR (XLU) opened at $56.87 on Wednesday. Utilities SPDR has a twelve month low of $46.04 and a twelve month high of $56.91.
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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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