This article first appeared on GuruFocus.
State Street Utilities Select Sector SPDR ETF (XLU) posted net sales of $384.5 million on Thursday, Nov. 5, with gross ETF activity of $384.5 million. XLU increased no positions and decreased all 31 of its holdings, leaving its $23.43 billion portfolio with no buys for the day.
What did XLU sell on Thursday?
Its largest sells by dollar value were NEE ($52.1 million), SO ($30.4 million) and DUK ($28.7 million).
The largest sale was NextEra Energy (NEE), which saw 590,468 shares cut for $52.1 million, still 13.54% of the fund. Southern Co (SO) shed 325,506 shares worth $30.4 million, Duke Energy (DUK) fell by 220,444 shares for $28.7 million, Constellation Energy (CEG) dropped 93,150 shares for $22.3 million and American Electric Power (AEP) lost 153,994 shares for $19.5 million. None of the moves were new positions or full exits.
How does XLU invest?
XLU is an equity sector utilities fund holding 31 stocks, with 59.1% of assets in its 10 largest holdings. Utilities make up 100.0% of the stocks that could be classified, and the portfolio is 100.0% large-cap. It charges 0.08% and counts NextEra Energy at 13.54%, Southern Co at 7.9%, Duke Energy at 7.46%, Constellation Energy at 5.81% and American Electric Power at 5.08% among its top holdings. The fund has a GF Score of 75, a P/E of 22.38, a P/B of 1.92, a dividend yield of 2.79% and a year-to-date return of 3.14%.
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?
With every position trimmed and no buys, watch whether XLU‘s next update shows further broad reductions or a return to adding exposure.
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
