Benjamin F. Edwards & Company Inc. lowered its stake in shares of Utilities SPDR (NYSEARCA:XLU) by 53.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,015 shares of the exchange traded fund’s stock after selling 9,163 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Utilities SPDR were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Dow Chemical Co. DE raised its holdings in Utilities SPDR by 41.5% during the third quarter. Dow Chemical Co. DE now owns 411,893 shares of the exchange traded fund’s stock worth $21,851,000 after purchasing an additional 120,790 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Utilities SPDR by 54.3% during the third quarter. Bank of New York Mellon Corp now owns 24,997 shares of the exchange traded fund’s stock worth $1,326,000 after purchasing an additional 8,799 shares in the last quarter. Private Advisor Group LLC raised its holdings in Utilities SPDR by 26.2% during the third quarter. Private Advisor Group LLC now owns 65,505 shares of the exchange traded fund’s stock worth $3,501,000 after purchasing an additional 13,605 shares in the last quarter. Cetera Advisors LLC raised its holdings in Utilities SPDR by 140.3% during the third quarter. Cetera Advisors LLC now owns 20,137 shares of the exchange traded fund’s stock worth $1,072,000 after purchasing an additional 11,758 shares in the last quarter. Finally, Swan Global Investments LLC raised its holdings in Utilities SPDR by 6.2% during the third quarter. Swan Global Investments LLC now owns 7,262,061 shares of the exchange traded fund’s stock worth $385,543,000 after purchasing an additional 421,127 shares in the last quarter.

Shares of Utilities SPDR (XLU) opened at $49.99 on Friday. Utilities SPDR has a 1-year low of $48.11 and a 1-year high of $57.23. The firm has a market cap of $7,220.00 and a P/E ratio of 15.82.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Shareholders of record on Monday, December 18th were issued a dividend of $0.5112 per share. The ex-dividend date was Friday, December 15th. This represents a $2.04 dividend on an annualized basis and a yield of 4.09%. This is a boost from Utilities SPDR’s previous quarterly dividend of $0.42. Utilities SPDR’s dividend payout ratio (DPR) is presently 55.38%.

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Utilities SPDR 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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Institutional Ownership by Quarter for Utilities SPDR (NYSEARCA:XLU)

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