BB&T Investment Services Inc. Purchases New Holdings in Utilities SPDR (XLU)

BB&T Investment Services Inc. purchased a new position in shares of Utilities SPDR (NYSE:XLU) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,416 shares of the exchange traded fund’s stock, valued at approximately $176,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Ingalls & Snyder LLC lifted its holdings in Utilities SPDR by 0.8% during the 2nd quarter. Ingalls & Snyder LLC now owns 4,187 shares of the exchange traded fund’s stock worth $218,000 after purchasing an additional 35 shares during the last quarter. Capital Investment Advisory Services LLC lifted its holdings in Utilities SPDR by 0.8% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 6,071 shares of the exchange traded fund’s stock worth $315,000 after purchasing an additional 50 shares during the last quarter. Segment Wealth Management LLC lifted its holdings in Utilities SPDR by 0.8% during the 2nd quarter. Segment Wealth Management LLC now owns 7,567 shares of the exchange traded fund’s stock worth $393,000 after purchasing an additional 61 shares during the last quarter. Johnson Financial Group Inc. lifted its holdings in Utilities SPDR by 1.9% during the 2nd quarter. Johnson Financial Group Inc. now owns 4,271 shares of the exchange traded fund’s stock worth $222,000 after purchasing an additional 81 shares during the last quarter. Finally, Lincoln National Corp lifted its holdings in Utilities SPDR by 1.3% during the 2nd quarter. Lincoln National Corp now owns 7,744 shares of the exchange traded fund’s stock worth $403,000 after purchasing an additional 98 shares during the last quarter.

Utilities SPDR (NYSE XLU) traded down 0.13% during mid-day trading on Friday, reaching $54.46. The company had a trading volume of 4,475,616 shares. The company’s 50-day moving average is $54.24 and its 200-day moving average is $53.07. Utilities SPDR has a one year low of $45.33 and a one year high of $55.90.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Monday, September 18th were issued a dividend of $0.4172 per share. This represents a $1.67 annualized dividend and a yield of 3.06%. The ex-dividend date was Friday, September 15th.

TRADEMARK VIOLATION WARNING: This story was posted by Stock Observer and is owned by of Stock Observer. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://www.thestockobserver.com/2017/10/13/bbt-investment-services-inc-purchases-new-holdings-in-utilities-spdr-xlu.html.

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.

Want to see what other hedge funds are holding XLU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Utilities SPDR (NYSE:XLU).

Institutional Ownership by Quarter for Utilities SPDR (NYSE:XLU)

Receive News & Ratings for Utilities SPDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Utilities SPDR and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply