Ameriprise Financial Inc. lifted its holdings in Utilities SPDR (NYSEARCA:XLU) by 12.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 333,535 shares of the exchange traded fund’s stock after acquiring an additional 36,794 shares during the quarter. Ameriprise Financial Inc. owned 0.24% of Utilities SPDR worth $17,718,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in XLU. Captrust Financial Advisors bought a new stake in Utilities SPDR during the 2nd quarter valued at $120,000. D.A. Davidson & CO. raised its holdings in Utilities SPDR by 9.6% during the 2nd quarter. D.A. Davidson & CO. now owns 2,693 shares of the exchange traded fund’s stock valued at $139,000 after buying an additional 235 shares during the last quarter. WFG Advisors LP raised its holdings in Utilities SPDR by 18.5% during the 2nd quarter. WFG Advisors LP now owns 3,037 shares of the exchange traded fund’s stock valued at $158,000 after buying an additional 475 shares during the last quarter. BB&T Investment Services Inc. bought a new stake in Utilities SPDR during the 2nd quarter valued at $176,000. Finally, Bristlecone Advisors LLC bought a new stake in Utilities SPDR during the 3rd quarter valued at $186,000.
Utilities SPDR (NYSEARCA:XLU) traded up $0.20 during trading hours on Wednesday, reaching $55.45. 21,550,500 shares of the company were exchanged, compared to its average volume of 12,069,138. Utilities SPDR has a 52 week low of $47.59 and a 52 week high of $57.23.
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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