Simply Money Advisors Decreases Holdings in Utilities SPDR (NYSEARCA:XLU)

Simply Money Advisors trimmed its position in shares of Utilities SPDR (NYSEARCA:XLU) by 9.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,154 shares of the exchange traded fund’s stock after selling 4,406 shares during the quarter. Utilities SPDR comprises about 0.3% of Simply Money Advisors’ investment portfolio, making the stock its 26th largest holding. Simply Money Advisors’ holdings in Utilities SPDR were worth $2,326,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in XLU. Dow Chemical Co. DE raised its position in shares of Utilities SPDR by 41.5% in the 3rd quarter. Dow Chemical Co. DE now owns 411,893 shares of the exchange traded fund’s stock valued at $21,851,000 after purchasing an additional 120,790 shares during the last quarter. Private Advisor Group LLC raised its position in Utilities SPDR by 26.2% during the 3rd quarter. Private Advisor Group LLC now owns 65,505 shares of the exchange traded fund’s stock worth $3,501,000 after buying an additional 13,605 shares during the last quarter. Cetera Advisors LLC raised its position in Utilities SPDR by 140.3% during the 3rd quarter. Cetera Advisors LLC now owns 20,137 shares of the exchange traded fund’s stock worth $1,072,000 after buying an additional 11,758 shares during the last quarter. Swan Global Investments LLC raised its position in Utilities SPDR by 6.2% during the 3rd quarter. Swan Global Investments LLC now owns 7,262,061 shares of the exchange traded fund’s stock worth $385,543,000 after buying an additional 421,127 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Utilities SPDR by 54.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 24,997 shares of the exchange traded fund’s stock worth $1,326,000 after buying an additional 8,799 shares during the last quarter.

Shares of Utilities SPDR (XLU) traded down $0.11 during midday trading on Tuesday, hitting $50.15. 27,277,376 shares of the stock were exchanged, compared to its average volume of 17,919,451. The firm has a market cap of $7,300.00 and a PE ratio of 15.87. Utilities SPDR has a twelve month low of $48.11 and a twelve month high of $57.23.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Monday, December 18th were paid a dividend of $0.5112 per share. This is a boost from Utilities SPDR’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, December 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.08%. Utilities SPDR’s dividend payout ratio (DPR) is presently 55.38%.

ILLEGAL ACTIVITY NOTICE: This piece was first published by BBNS and is the property of of BBNS. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this piece can be read at https://baseballnewssource.com/markets/utilities-spdr-xlu-holdings-lowered-by-simply-money-advisors/1821240.html.

Utilities SPDR 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.

Institutional Ownership by Quarter for Utilities SPDR (NYSEARCA:XLU)

Receive News & Ratings for Utilities SPDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Utilities SPDR and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets


Leave a Reply

 
© 2006-2018 BBNS.