Utilities Select Sector SPDR Fund Announces Quarterly Dividend of $0.28 (NYSEARCA:XLU)

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) declared a quarterly dividend on Friday, January 2nd. Investors of record on Monday, June 22nd will be paid a dividend of 0.2844 per share by the exchange traded fund on Wednesday, June 24th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, June 22nd.

Utilities Select Sector SPDR Fund Stock Performance

Shares of NYSEARCA:XLU opened at $44.76 on Friday. The stock has a fifty day simple moving average of $45.10 and a two-hundred day simple moving average of $44.70. The stock has a market capitalization of $23.00 billion, a price-to-earnings ratio of 20.74 and a beta of 0.58. Utilities Select Sector SPDR Fund has a 12-month low of $40.17 and a 12-month high of $47.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Paragon Financial Partners Inc. lifted its stake in Utilities Select Sector SPDR Fund by 0.3% in the 3rd quarter. Paragon Financial Partners Inc. now owns 45,029 shares of the exchange traded fund’s stock worth $3,927,000 after purchasing an additional 114 shares in the last quarter. Dunhill Financial LLC lifted its holdings in shares of Utilities Select Sector SPDR Fund by 8.8% in the 3rd quarter. Dunhill Financial LLC now owns 1,424 shares of the exchange traded fund’s stock valued at $124,000 after acquiring an additional 115 shares during the last quarter. High Falls Advisors Inc grew its position in Utilities Select Sector SPDR Fund by 2.5% in the second quarter. High Falls Advisors Inc now owns 4,754 shares of the exchange traded fund’s stock worth $388,000 after acquiring an additional 118 shares in the last quarter. Okabena Investment Services Inc. increased its stake in Utilities Select Sector SPDR Fund by 2.1% during the third quarter. Okabena Investment Services Inc. now owns 5,702 shares of the exchange traded fund’s stock worth $497,000 after acquiring an additional 120 shares during the last quarter. Finally, Navis Wealth Advisors LLC increased its stake in Utilities Select Sector SPDR Fund by 2.1% during the third quarter. Navis Wealth Advisors LLC now owns 5,774 shares of the exchange traded fund’s stock worth $504,000 after acquiring an additional 120 shares during the last quarter. 90.06% of the stock is owned by hedge funds and other institutional investors.

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. The Fund utilizes a passive or indexing investment approach to attempt to approximate the investment performance of the Index.