Laurel Wealth Advisors Inc. raised its holdings in shares of Utilities SPDR (NYSEARCA:XLU) by 5.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,789 shares of the exchange traded fund’s stock after purchasing an additional 1,285 shares during the quarter. Laurel Wealth Advisors Inc.’s holdings in Utilities SPDR were worth $1,315,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. First Interstate Bank grew its position in shares of Utilities SPDR by 114.0% in the 3rd quarter. First Interstate Bank now owns 2,140 shares of the exchange traded fund’s stock worth $114,000 after acquiring an additional 1,140 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Utilities SPDR in the 2nd quarter worth approximately $120,000. D.A. Davidson & CO. grew its position in shares of Utilities SPDR by 9.6% in the 2nd quarter. D.A. Davidson & CO. now owns 2,693 shares of the exchange traded fund’s stock worth $139,000 after acquiring an additional 235 shares in the last quarter. WFG Advisors LP grew its position in shares of Utilities SPDR by 18.5% in the 2nd quarter. WFG Advisors LP now owns 3,037 shares of the exchange traded fund’s stock worth $158,000 after acquiring an additional 475 shares in the last quarter. Finally, BB&T Investment Services Inc. acquired a new position in shares of Utilities SPDR in the 2nd quarter worth approximately $176,000.
Shares of Utilities SPDR (NYSEARCA XLU) traded up $0.18 on Monday, hitting $55.87. The stock had a trading volume of 9,975,300 shares, compared to its average volume of 12,014,931. Utilities SPDR has a one year low of $47.42 and a one year high of $57.23.
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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