KCM Investment Advisors LLC lifted its position in Utilities SPDR (NYSEARCA:XLU) by 27.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,601 shares of the exchange traded fund’s stock after purchasing an additional 17,014 shares during the quarter. KCM Investment Advisors LLC owned 0.06% of Utilities SPDR worth $4,193,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Valeo Financial Advisors LLC acquired a new position in shares of Utilities SPDR in the third quarter valued at $109,000. Prime Capital Investment Advisors LLC acquired a new position in shares of Utilities SPDR in the fourth quarter valued at $111,000. First Interstate Bank raised its stake in shares of Utilities SPDR by 114.0% in the third quarter. First Interstate Bank now owns 2,140 shares of the exchange traded fund’s stock valued at $114,000 after purchasing an additional 1,140 shares in the last quarter. Price Capital Management Inc. acquired a new position in shares of Utilities SPDR in the fourth quarter valued at $158,000. Finally, Country Trust Bank raised its stake in shares of Utilities SPDR by 205.3% in the fourth quarter. Country Trust Bank now owns 3,514 shares of the exchange traded fund’s stock valued at $185,000 after purchasing an additional 2,363 shares in the last quarter.
Utilities SPDR stock opened at $49.61 on Thursday. The company has a market capitalization of $6,770.00 and a price-to-earnings ratio of 15.68. Utilities SPDR has a 12 month low of $47.37 and a 12 month high of $57.23.
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About Utilities SPDR
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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