This article first appeared on GuruFocus.
State Street Utilities Select Sector SPDR ETF (XLU) had a net outflow of $203.0 million on Monday, with gross traded of $203.0 million against $23.98 billion in assets. The ETF activity was entirely one-sided: XLU increased no positions and decreased all 31 of its holdings, with no new positions added.
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What did XLU sell on Monday?
Its largest sells by dollar value were NEE ($26.3 million), SO ($16.1 million) and DUK ($14.8 million).
The largest sells were NextEra Energy (NEE), down 309,039 shares for $26.3 million; Southern Co. (SO), down 170,469 shares for $16.1 million; Duke Energy (DUK), down 115,506 shares for $14.8 million; Constellation Energy (CEG), down 48,825 shares for $12.6 million; and American Electric Power (AEP), down 80,631 shares for $10.5 million. None of these were new positions or full exits, and the fund made no purchases.
How does XLU invest?
XLU is an equity sector utilities fund holding 31 stocks, with 58.9% of assets in its 10 largest holdings. All of its classified stocks are in utilities, and its market-cap mix is 100.0% large cap. It has an expense ratio of 0.08%, a GF Score of 73, a P/E of 22.38, a P/B of 1.92, a dividend yield of 2.77% and a year-to-date return of 3.83%. Its top holdings are NextEra Energy at 12.94%, Southern Co. at 7.94%, Duke Energy at 7.3%, Constellation Energy at 6.19% and American Electric Power at 5.18%.
State Street Utilities Select Sector SPDR ETF (XLU) at a glance
See the full State Street Utilities Select Sector SPDR ETF profile, or compare it with similar funds in the ETF Screener. Its biggest sell this time, NEE, has its own GF Value page and stock summary.
What should investors watch next for XLU?
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
