Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Reaches New 52-Week High at $80.82

Utilities Select Sector SPDR Fund (NYSEARCA:XLU)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $80.82 and last traded at $80.27, with a volume of 128623 shares trading hands. The stock had previously closed at $80.42.

Utilities Select Sector SPDR Fund Stock Down 0.5 %

The firm’s 50 day simple moving average is $75.45 and its 200 day simple moving average is $70.77. The company has a market cap of $14.38 billion, a price-to-earnings ratio of 23.76 and a beta of 0.49.

Institutional Investors Weigh In On Utilities Select Sector SPDR Fund

Several large investors have recently made changes to their positions in XLU. Natixis increased its stake in shares of Utilities Select Sector SPDR Fund by 383.7% in the first quarter. Natixis now owns 1,714,586 shares of the exchange traded fund’s stock valued at $112,563,000 after purchasing an additional 1,360,093 shares during the period. LPL Financial LLC increased its stake in shares of Utilities Select Sector SPDR Fund by 33.2% during the second quarter. LPL Financial LLC now owns 4,923,395 shares of the exchange traded fund’s stock valued at $335,480,000 after acquiring an additional 1,226,273 shares during the period. Silvercrest Asset Management Group LLC acquired a new position in shares of Utilities Select Sector SPDR Fund during the first quarter valued at approximately $80,323,000. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Utilities Select Sector SPDR Fund by 9,545.5% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,061,000 shares of the exchange traded fund’s stock valued at $67,193,000 after acquiring an additional 1,050,000 shares during the period. Finally, Mirae Asset Securities USA Inc. acquired a new position in shares of Utilities Select Sector SPDR Fund during the second quarter valued at approximately $51,105,000.

Utilities Select Sector SPDR Fund Company 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.