Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Sets New 1-Year High – What’s Next?

Utilities Select Sector SPDR Fund (NYSEARCA:XLUGet Free Report)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $82.56 and last traded at $82.53, with a volume of 4251170 shares changing hands. The stock had previously closed at $81.60.

Utilities Select Sector SPDR Fund Stock Performance

The company has a 50 day moving average of $80.13 and a 200 day moving average of $75.08. The firm has a market cap of $14.90 billion, a P/E ratio of 23.76 and a beta of 0.49.

Institutional Trading of Utilities Select Sector SPDR Fund

Large investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its position in shares of Utilities Select Sector SPDR Fund by 122,262.6% in the third quarter. International Assets Investment Management LLC now owns 11,855,717 shares of the exchange traded fund’s stock worth $957,705,000 after buying an additional 11,846,028 shares during the last quarter. LPL Financial LLC lifted its holdings in Utilities Select Sector SPDR Fund by 14.2% in the 3rd quarter. LPL Financial LLC now owns 5,624,545 shares of the exchange traded fund’s stock worth $454,351,000 after purchasing an additional 701,150 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Utilities Select Sector SPDR Fund by 1,054,889.4% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,492,015 shares of the exchange traded fund’s stock worth $282,085,000 after purchasing an additional 3,491,684 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Utilities Select Sector SPDR Fund by 6.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,324,000 shares of the exchange traded fund’s stock worth $268,513,000 after purchasing an additional 200,000 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Utilities Select Sector SPDR Fund by 1.8% during the second quarter. Envestnet Asset Management Inc. now owns 3,204,746 shares of the exchange traded fund’s stock valued at $218,371,000 after purchasing an additional 56,637 shares during the last quarter.

About Utilities Select Sector SPDR Fund

(Get Free Report)

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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