Investors Buy Utilities SPDR (XLU) on Weakness

Investors purchased shares of Utilities SPDR (NYSEARCA:XLU) on weakness during trading hours on Wednesday. $154.86 million flowed into the stock on the tick-up and $98.48 million flowed out of the stock on the tick-down, for a money net flow of $56.38 million into the stock. Of all stocks tracked, Utilities SPDR had the 14th highest net in-flow for the day. Utilities SPDR traded down ($0.17) for the day and closed at $49.54

The company has a market cap of $6,770.00 and a price-to-earnings ratio of 15.68.

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The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Monday, March 19th will be issued a $0.3867 dividend. This represents a $1.55 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Friday, March 16th. Utilities SPDR’s dividend payout ratio (DPR) is presently 55.38%.

A number of institutional investors have recently added to or reduced their stakes in XLU. Valeo Financial Advisors LLC purchased a new stake in Utilities SPDR during the third quarter valued at $109,000. Prime Capital Investment Advisors LLC purchased a new stake in Utilities SPDR during the fourth quarter valued at $111,000. First Interstate Bank raised its stake in Utilities SPDR by 114.0% during the third quarter. First Interstate Bank now owns 2,140 shares of the exchange traded fund’s stock valued at $114,000 after purchasing an additional 1,140 shares in the last quarter. Price Capital Management Inc. purchased a new stake in Utilities SPDR during the fourth quarter valued at $158,000. Finally, Country Trust Bank raised its stake in Utilities SPDR by 205.3% during the fourth quarter. Country Trust Bank now owns 3,514 shares of the exchange traded fund’s stock valued at $185,000 after purchasing an additional 2,363 shares in the last quarter.

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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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