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

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

Utilities Select Sector SPDR Fund Stock Up 1.1 %

The firm has a market cap of $12.50 billion, a P/E ratio of 23.76 and a beta of 0.49. The stock’s 50-day simple moving average is $64.69 and its 200 day simple moving average is $62.91.

Hedge Funds Weigh In On Utilities Select Sector SPDR Fund

Institutional investors have recently made changes to their positions in the stock. City State Bank increased 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 valued at $27,000 after buying an additional 215 shares during the last quarter. Sound Income Strategies LLC increased its stake in Utilities Select Sector SPDR Fund by 177.5% in the 4th quarter. Sound Income Strategies LLC now owns 419 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 268 shares during the last quarter. Ables Iannone Moore & Associates Inc. purchased a new stake in Utilities Select Sector SPDR Fund in the 4th quarter valued at about $30,000. Register Financial Advisors LLC increased its stake in Utilities Select Sector SPDR Fund by 1,104.9% in the 4th quarter. Register Financial Advisors LLC now owns 494 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 453 shares during the last quarter. Finally, Friedenthal Financial purchased a new stake in Utilities Select Sector SPDR Fund in the 4th quarter valued at about $34,000.

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.