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

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Investors purchased shares of Utilities Select Sector SPDR Fund (NYSEARCA:XLU) on weakness during trading on Thursday. $240.36 million flowed into the stock on the tick-up and $166.99 million flowed out of the stock on the tick-down, for a money net flow of $73.37 million into the stock. Of all companies tracked, Utilities Select Sector SPDR Fund had the 19th highest net in-flow for the day. Utilities Select Sector SPDR Fund traded down ($0.99) for the day and closed at $53.01

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 26th. Stockholders of record on Monday, September 24th were given a dividend of $0.4749 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.59%. This is a boost from Utilities Select Sector SPDR Fund’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, September 21st.

Several large investors have recently modified their holdings of XLU. Natixis raised its holdings in shares of Utilities Select Sector SPDR Fund by 15.1% during the second quarter. Natixis now owns 5,288,778 shares of the exchange traded fund’s stock worth $274,805,000 after acquiring an additional 693,799 shares during the period. Mizuho Trust & Banking Co. Ltd. raised its holdings in shares of Utilities Select Sector SPDR Fund by 180.3% during the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 1,710,000 shares of the exchange traded fund’s stock worth $88,852,000 after acquiring an additional 1,100,000 shares during the period. BlackRock Inc. raised its holdings in shares of Utilities Select Sector SPDR Fund by 5.6% during the first quarter. BlackRock Inc. now owns 1,130,927 shares of the exchange traded fund’s stock worth $57,146,000 after acquiring an additional 59,703 shares during the period. Honeywell International Inc. acquired a new stake in shares of Utilities Select Sector SPDR Fund during the second quarter worth $40,269,000. Finally, SG Americas Securities LLC raised its holdings in shares of Utilities Select Sector SPDR Fund by 49.9% during the second quarter. SG Americas Securities LLC now owns 707,185 shares of the exchange traded fund’s stock worth $36,745,000 after acquiring an additional 235,557 shares during the period.

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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