Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Shares Up 0.2% – Still a Buy?

Shares of Utilities Select Sector SPDR Fund (NYSEARCA:XLU) were up 0.2% during trading on Wednesday. The stock traded as high as $43.89 and last traded at $43.82. 16,023,580 shares changed hands during trading, a decline of 35% from the average session volume of 24,524,641 shares. The stock had previously closed at $43.73.

Utilities Select Sector SPDR Fund Trading Up 0.2%

The business’s 50 day simple moving average is $41.85 and its 200 day simple moving average is $44.29. The firm has a market capitalization of $24.19 billion, a PE ratio of 20.74 and a beta of 0.53.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in XLU. Nwam LLC increased its position in Utilities Select Sector SPDR Fund by 3.4% during the second quarter. Nwam LLC now owns 26,000 shares of the exchange traded fund’s stock valued at $1,179,000 after acquiring an additional 843 shares during the last quarter. First Bancorp Inc ME bought a new stake in shares of Utilities Select Sector SPDR Fund in the 2nd quarter worth about $104,000. Sanctuary Advisors LLC lifted its holdings in shares of Utilities Select Sector SPDR Fund by 0.8% in the 2nd quarter. Sanctuary Advisors LLC now owns 386,605 shares of the exchange traded fund’s stock worth $17,529,000 after acquiring an additional 3,038 shares during the last quarter. Comprehensive Financial Planning Inc. PA lifted its holdings in shares of Utilities Select Sector SPDR Fund by 12.6% in the 2nd quarter. Comprehensive Financial Planning Inc. PA now owns 12,855 shares of the exchange traded fund’s stock worth $583,000 after acquiring an additional 1,439 shares during the last quarter. Finally, Trust Co. of Vermont purchased a new position in shares of Utilities Select Sector SPDR Fund during the 2nd quarter worth about $84,000. Institutional investors own 90.06% of the company’s stock.

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.