Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Sets New 1-Year High at $76.32

Shares of Utilities Select Sector SPDR Fund (NYSEARCA:XLU) hit a new 52-week high on Friday . The company traded as high as $76.32 and last traded at $76.18, with a volume of 1543436 shares trading hands. The stock had previously closed at $75.72.

Utilities Select Sector SPDR Fund Price Performance

The firm has a market cap of $13.64 billion, a price-to-earnings ratio of 23.76 and a beta of 0.49. The firm has a fifty day simple moving average of $71.72 and a two-hundred day simple moving average of $68.31.

Institutional Investors Weigh In On Utilities Select Sector SPDR Fund

Institutional investors have recently added to or reduced their stakes in the business. Silver Oak Securities Incorporated purchased a new position in Utilities Select Sector SPDR Fund during the fourth quarter valued at approximately $305,000. Kestra Private Wealth Services LLC raised its position in Utilities Select Sector SPDR Fund by 39.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 49,854 shares of the exchange traded fund’s stock valued at $3,157,000 after acquiring an additional 14,053 shares in the last quarter. Triumph Capital Management raised its position in Utilities Select Sector SPDR Fund by 43.2% during the fourth quarter. Triumph Capital Management now owns 6,465 shares of the exchange traded fund’s stock valued at $409,000 after acquiring an additional 1,949 shares in the last quarter. Howe & Rusling Inc. purchased a new position in Utilities Select Sector SPDR Fund during the fourth quarter valued at approximately $170,000. Finally, Robertson Stephens Wealth Management LLC raised its position in Utilities Select Sector SPDR Fund by 56.0% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 25,774 shares of the exchange traded fund’s stock valued at $1,632,000 after acquiring an additional 9,252 shares in the last quarter.

Utilities Select Sector SPDR Fund 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.