Utilities SPDR (XLU) Stake Increased by Bank of New York Mellon Corp
Bank of New York Mellon Corp lifted its holdings in Utilities SPDR (NYSEARCA:XLU) by 54.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 24,997 shares of the exchange traded fund’s stock after acquiring an additional 8,799 shares during the quarter. Bank of New York Mellon Corp’s holdings in Utilities SPDR were worth $1,326,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. BlueCrest Capital Management Ltd boosted its position in shares of Utilities SPDR by 1,107.6% in the second quarter. BlueCrest Capital Management Ltd now owns 337,323 shares of the exchange traded fund’s stock worth $17,527,000 after buying an additional 309,390 shares during the period. Florin Court Capital LLP raised its holdings in shares of Utilities SPDR by 19.8% during the third quarter. Florin Court Capital LLP now owns 311,200 shares of the exchange traded fund’s stock worth $16,509,000 after acquiring an additional 51,500 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Utilities SPDR by 68.0% during the second quarter. Ameriprise Financial Inc. now owns 296,741 shares of the exchange traded fund’s stock worth $15,407,000 after acquiring an additional 120,125 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Utilities SPDR during the second quarter worth $15,238,000. Finally, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD raised its holdings in shares of Utilities SPDR by 313.5% during the third quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 280,665 shares of the exchange traded fund’s stock worth $14,901,000 after acquiring an additional 212,784 shares in the last quarter.
Shares of Utilities SPDR (NYSEARCA:XLU) opened at $50.74 on Thursday. Utilities SPDR has a 1-year low of $48.02 and a 1-year high of $57.23. The stock has a market capitalization of $6,920.00 and a price-to-earnings ratio of 16.06.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Monday, December 18th were issued a dividend of $0.5112 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.03%. This is a positive change from Utilities SPDR’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, December 15th. Utilities SPDR’s dividend payout ratio (DPR) is currently 55.38%.
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About Utilities SPDR
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.
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