Cwm LLC grew its stake in Utilities SPDR (NYSEARCA:XLU) by 58.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 25,431 shares of the exchange traded fund’s stock after buying an additional 9,380 shares during the quarter. Cwm LLC’s holdings in Utilities SPDR were worth $1,340,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Valeo Financial Advisors LLC acquired a new stake in shares of Utilities SPDR in the third quarter worth about $109,000. First Interstate Bank increased its stake in shares of Utilities SPDR by 114.0% in the third quarter. First Interstate Bank now owns 2,140 shares of the exchange traded fund’s stock worth $114,000 after purchasing an additional 1,140 shares during the period. D.A. Davidson & CO. increased its stake in shares of Utilities SPDR by 9.6% in the second quarter. D.A. Davidson & CO. now owns 2,693 shares of the exchange traded fund’s stock worth $139,000 after purchasing an additional 235 shares during the period. WFG Advisors LP increased its stake in shares of Utilities SPDR by 18.5% in the second quarter. WFG Advisors LP now owns 3,037 shares of the exchange traded fund’s stock worth $158,000 after purchasing an additional 475 shares during the period. Finally, BB&T Investment Services Inc. bought a new position in shares of Utilities SPDR in the second quarter worth about $176,000.
Utilities SPDR (NYSEARCA XLU) opened at $50.14 on Friday. The company has a market capitalization of $7,240.00 and a PE ratio of 15.87. Utilities SPDR has a 12 month low of $48.11 and a 12 month high of $57.23.
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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.
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