Pinnacle Associates Ltd. Has $329,000 Position in Utilities SPDR (XLU)
Pinnacle Associates Ltd. continued to hold its stake in shares of Utilities SPDR (NYSE:XLU) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,341 shares of the exchange traded fund’s stock at the close of the 2nd quarter. Pinnacle Associates Ltd.’s holdings in Utilities SPDR were worth $329,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Sawtooth Solutions LLC purchased a new stake in shares of Utilities SPDR in the second quarter valued at $1,163,000. Providence First Trust Co purchased a new stake in shares of Utilities SPDR in the second quarter valued at $2,593,000. Bronfman E.L. Rothschild L.P. raised its stake in shares of Utilities SPDR by 197.8% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 6,253 shares of the exchange traded fund’s stock valued at $325,000 after acquiring an additional 4,153 shares during the period. Commerce Bank raised its stake in shares of Utilities SPDR by 79.1% in the second quarter. Commerce Bank now owns 39,490 shares of the exchange traded fund’s stock valued at $2,052,000 after acquiring an additional 17,441 shares during the period. Finally, IndexIQ Advisors LLC raised its stake in shares of Utilities SPDR by 665.2% in the second quarter. IndexIQ Advisors LLC now owns 3,604 shares of the exchange traded fund’s stock valued at $188,000 after acquiring an additional 3,133 shares during the period.
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Shares of Utilities SPDR (NYSE XLU) opened at 55.36 on Friday. Utilities SPDR has a 52 week low of $45.33 and a 52 week high of $55.42. The stock has a 50 day moving average of $54.21 and a 200 day moving average of $52.62.
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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