Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Sets New 52-Week High – Here’s What Happened

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $47.12 and last traded at $47.0950, with a volume of 21182540 shares trading hands. The stock had previously closed at $46.68.

Utilities Select Sector SPDR Fund Trading Up 1.0%

The company has a market cap of $24.19 billion, a P/E ratio of 20.74 and a beta of 0.59. The company’s 50-day moving average price is $43.50 and its two-hundred day moving average price is $43.68.

Hedge Funds Weigh In On Utilities Select Sector SPDR Fund

A number of large investors have recently bought and sold shares of XLU. CMG Global Holdings LLC grew its stake in shares of Utilities Select Sector SPDR Fund by 1.2% in the 3rd quarter. CMG Global Holdings LLC now owns 9,675 shares of the exchange traded fund’s stock worth $899,000 after purchasing an additional 111 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of Utilities Select Sector SPDR Fund by 1.1% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 10,521 shares of the exchange traded fund’s stock worth $918,000 after purchasing an additional 114 shares during the period. Paragon Financial Partners Inc. lifted its holdings in shares of Utilities Select Sector SPDR Fund by 0.3% during the third quarter. Paragon Financial Partners Inc. now owns 45,029 shares of the exchange traded fund’s stock valued at $3,927,000 after purchasing an additional 114 shares during the last quarter. Dunhill Financial LLC lifted its holdings in shares of Utilities Select Sector SPDR Fund by 8.8% during the third quarter. Dunhill Financial LLC now owns 1,424 shares of the exchange traded fund’s stock valued at $124,000 after purchasing an additional 115 shares during the last quarter. Finally, Boltwood Capital Management boosted its position in shares of Utilities Select Sector SPDR Fund by 1.1% in the 3rd quarter. Boltwood Capital Management now owns 10,531 shares of the exchange traded fund’s stock valued at $918,000 after purchasing an additional 118 shares during the period. Institutional investors own 90.06% of the company’s stock.

About Utilities Select Sector SPDR Fund

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. The Fund utilizes a passive or indexing investment approach to attempt to approximate the investment performance of the Index.