Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Hits New 1-Year High at $77.52

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $77.52 and last traded at $77.38, with a volume of 201253 shares. The stock had previously closed at $77.28.

Utilities Select Sector SPDR Fund Stock Performance

The company has a 50-day moving average of $73.52 and a 200-day moving average of $69.51. The stock has a market cap of $14.12 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 hedge funds have recently modified their holdings of XLU. Natixis raised its position in 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 worth $112,563,000 after acquiring an additional 1,360,093 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Utilities Select Sector SPDR Fund by 33.2% in the 2nd quarter. LPL Financial LLC now owns 4,923,395 shares of the exchange traded fund’s stock valued at $335,480,000 after purchasing an additional 1,226,273 shares in the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in shares of Utilities Select Sector SPDR Fund in the first quarter valued at about $80,323,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in 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 worth $67,193,000 after buying an additional 1,050,000 shares in the last quarter. Finally, Bank of Nova Scotia grew its position in Utilities Select Sector SPDR Fund by 169.5% during the fourth quarter. Bank of Nova Scotia now owns 1,352,550 shares of the exchange traded fund’s stock worth $85,654,000 after buying an additional 850,640 shares during the period.

About Utilities Select Sector SPDR Fund

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.