Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Reaches New 52-Week High at $80.82

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) reached a new 52-week high during trading on Monday . The company traded as high as $80.82 and last traded at $80.27, with a volume of 128623 shares trading hands. The stock had previously closed at $80.42.

Utilities Select Sector SPDR Fund Stock Down 0.5 %

The firm has a market cap of $14.38 billion, a price-to-earnings ratio of 23.76 and a beta of 0.49. The stock’s 50 day moving average is $75.45 and its 200 day moving average is $70.77.

Institutional Trading of Utilities Select Sector SPDR Fund

A number of large investors have recently added to or reduced their stakes in the business. City State Bank boosted its stake in Utilities Select Sector SPDR Fund by 113.2% in the 1st quarter. City State Bank now owns 405 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 215 shares during the period. TruNorth Capital Management LLC acquired a new position in Utilities Select Sector SPDR Fund in the 2nd quarter worth approximately $27,000. Oak Harbor Wealth Partners LLC boosted its stake in Utilities Select Sector SPDR Fund by 2,252.9% in the 2nd quarter. Oak Harbor Wealth Partners LLC now owns 400 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 383 shares during the period. Ables Iannone Moore & Associates Inc. acquired a new position in Utilities Select Sector SPDR Fund in the 4th quarter worth approximately $30,000. Finally, Iron Horse Wealth Management LLC boosted its stake in Utilities Select Sector SPDR Fund by 888.9% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 445 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 400 shares during the period.

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.