This article first appeared on GuruFocus.
State Street Utilities Select Sector SPDR ETF (XLU) posted a net outflow of $673.0 million in ETF activity on Tuesday, Nov. 10, with $673.0 million sold and no buys. The fund decreased all 31 of its positions and increased none, leaving its portfolio of 31 stocks uniformly trimmed.
What did XLU sell on Tuesday?
Its largest sells by dollar value were NEE ($88.3 million), SO ($52.9 million) and DUK ($49.4 million).
The largest sale was NextEra Energy (NEE), which saw 1,024,100 shares sold for $88.3 million while still accounting for 13.13% of assets. Southern Co (SO) followed with 564,872 shares sold for $52.9 million, Duke Energy (DUK) with 382,844 shares for $49.4 million, Constellation Energy (CEG) with 161,700 shares for $43.3 million and American Electric Power (AEP) with 267,344 shares for $34.2 million. None of the sales were new positions or full exits.
How does XLU invest?
State Street Utilities Select Sector SPDR ETF (XLU) is an equity sector utilities fund holding 31 stocks, with 58.8% of assets in its 10 largest holdings. All of its classified stocks sit in the Utilities sector, and its market-cap mix is 100.0% large cap, 0.0% mid cap and 0.0% small cap. The fund charges an expense ratio of 0.08%, and its top holdings are NextEra Energy at 13.13%, Southern Co at 7.86%, Duke Energy at 7.33%, Constellation Energy at 6.44% and American Electric Power at 5.08%. It has a GF Score of 75, a P/E of 22.38, a P/B of 1.92, a dividend yield of 2.74% and a year-to-date return of 4.79%.
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.
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
