Janney Montgomery Scott LLC cut its stake in Utilities SPDR (NYSE:XLU) by 6.8% during the second quarter, Holdings Channel reports. The firm owned 27,373 shares of the exchange traded fund’s stock after selling 2,010 shares during the period. Janney Montgomery Scott LLC’s holdings in Utilities SPDR were worth $1,422,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NGAM Advisors L.P. purchased a new position in Utilities SPDR during the second quarter valued at approximately $2,343,000. Benjamin F. Edwards & Company Inc. boosted its position in Utilities SPDR by 409.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,212 shares of the exchange traded fund’s stock valued at $323,000 after buying an additional 8,220 shares during the period. Ferguson Wellman Capital Management Inc. purchased a new position in Utilities SPDR during the second quarter valued at approximately $236,000. FineMark National Bank & Trust boosted its position in Utilities SPDR by 35.2% in the second quarter. FineMark National Bank & Trust now owns 5,929 shares of the exchange traded fund’s stock valued at $308,000 after buying an additional 1,545 shares during the period. Finally, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new position in Utilities SPDR during the second quarter valued at about $3,533,000.
Utilities SPDR (XLU) opened at 53.89 on Thursday. Utilities SPDR has a 12-month low of $45.33 and a 12-month high of $54.63. The stock has a 50 day moving average of $52.73 and a 200 day moving average of $51.76.
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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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