Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Sets New 52-Week High at $69.60

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) hit a new 52-week high on Tuesday . The company traded as high as $69.60 and last traded at $69.54, with a volume of 14389319 shares trading hands. The stock had previously closed at $68.76.

Utilities Select Sector SPDR Fund Stock Performance

The business has a fifty day simple moving average of $64.69 and a 200 day simple moving average of $62.91. The company has a market cap of $12.50 billion, a P/E ratio of 23.76 and a beta of 0.49.

Institutional Trading of Utilities Select Sector SPDR Fund

Several hedge funds have recently made changes to their positions in the stock. Thomasville National Bank increased its position in Utilities Select Sector SPDR Fund by 2.9% in the 1st quarter. Thomasville National Bank now owns 5,592 shares of the exchange traded fund’s stock valued at $367,000 after acquiring an additional 155 shares during the period. KG&L Capital Management LLC increased its position in shares of Utilities Select Sector SPDR Fund by 3.9% during the 1st quarter. KG&L Capital Management LLC now owns 4,086 shares of the exchange traded fund’s stock valued at $268,000 after purchasing an additional 155 shares during the period. Grandview Asset Management LLC increased its position in shares of Utilities Select Sector SPDR Fund by 3.4% during the 1st quarter. Grandview Asset Management LLC now owns 4,734 shares of the exchange traded fund’s stock valued at $311,000 after purchasing an additional 156 shares during the period. Intrepid Financial Planning Group LLC increased its position in shares of Utilities Select Sector SPDR Fund by 0.7% during the 3rd quarter. Intrepid Financial Planning Group LLC now owns 24,146 shares of the exchange traded fund’s stock valued at $1,423,000 after purchasing an additional 171 shares during the period. Finally, Washington Trust Bank grew its holdings in shares of Utilities Select Sector SPDR Fund by 4.7% in the 4th quarter. Washington Trust Bank now owns 3,892 shares of the exchange traded fund’s stock worth $246,000 after acquiring an additional 175 shares during 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.