Pinnacle Financial Partners Inc. purchased a new stake in Utilities SPDR (NYSE:XLU) during the second quarter, Holdings Channel reports. The institutional investor purchased 22,024 shares of the exchange traded fund’s stock, valued at approximately $1,144,000.

A number of other hedge funds and other institutional investors have also modified their holdings of XLU. Sei Investments Co. increased its position in shares of Utilities SPDR by 11,337.5% in the second quarter. Sei Investments Co. now owns 3,660 shares of the exchange traded fund’s stock valued at $190,000 after buying an additional 3,628 shares in the last quarter. Parsec Financial Management Inc. acquired a new position in shares of Utilities SPDR during the second quarter valued at approximately $437,000. Barry Investment Advisors LLC increased its position in shares of Utilities SPDR by 0.5% in the second quarter. Barry Investment Advisors LLC now owns 27,381 shares of the exchange traded fund’s stock valued at $1,423,000 after buying an additional 137 shares in the last quarter. Texas Permanent School Fund acquired a new position in shares of Utilities SPDR during the second quarter valued at approximately $923,000. Finally, Ingalls & Snyder LLC increased its position in shares of Utilities SPDR by 0.8% in the second quarter. Ingalls & Snyder LLC now owns 4,187 shares of the exchange traded fund’s stock valued at $218,000 after buying an additional 35 shares in the last quarter.

Utilities SPDR (NYSE:XLU) opened at 53.74 on Friday. Utilities SPDR has a 12 month low of $45.33 and a 12 month high of $54.63. The firm has a 50-day moving average price of $52.75 and a 200 day moving average price of $51.82.

TRADEMARK VIOLATION NOTICE: “Pinnacle Financial Partners Inc. Takes Position in Utilities SPDR (NYSE:XLU)” was published by Daily Political and is the property of of Daily Political. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.dailypolitical.com/2017/08/13/pinnacle-financial-partners-inc-takes-position-in-utilities-spdr-nysexlu.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.

Want to see what other hedge funds are holding XLU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Utilities SPDR (NYSE:XLU).

Institutional Ownership by Quarter for Utilities SPDR (NYSE: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.