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 on Tuesday . The stock traded as high as $47.12 and last traded at $47.0950, with a volume of 21182540 shares. The stock had previously closed at $46.68.

Utilities Select Sector SPDR Fund Price Performance

The stock has a market cap of $24.21 billion, a PE ratio of 20.74 and a beta of 0.59. The stock has a 50-day simple moving average of $43.75 and a 200-day simple moving average of $43.75.

Hedge Funds Weigh In On Utilities Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC grew its stake in shares of Utilities Select Sector SPDR Fund by 12.8% in the fourth quarter. Brighton Jones LLC now owns 3,823 shares of the exchange traded fund’s stock valued at $289,000 after buying an additional 433 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Utilities Select Sector SPDR Fund by 3.5% in the first quarter. AQR Capital Management LLC now owns 51,682 shares of the exchange traded fund’s stock worth $4,075,000 after purchasing an additional 1,769 shares during the period. Empowered Funds LLC acquired a new position in shares of Utilities Select Sector SPDR Fund in the 1st quarter valued at about $1,264,000. Asset Management One Co. Ltd. grew its holdings in shares of Utilities Select Sector SPDR Fund by 5,620.3% during the second quarter. Asset Management One Co. Ltd. now owns 19,964 shares of the exchange traded fund’s stock valued at $1,630,000 after purchasing an additional 19,615 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its stake in Utilities Select Sector SPDR Fund by 10.4% during the 2nd quarter. Wealthfront Advisers LLC now owns 28,010 shares of the exchange traded fund’s stock worth $2,287,000 after buying an additional 2,632 shares during the last quarter. Institutional investors and hedge funds 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.