This article first appeared on GuruFocus.
State Street Utilities Select Sector SPDR ETF (XLU) was the sole mover in Wednesday’s ETF activity, selling $703.8 million of stock against no purchases. The $23.99 billion fund decreased all 31 of its positions and increased none, leaving net buying at -$703.8 million.
What did XLU sell on Wednesday?
Its largest sells by dollar value were NEE ($87.1 million), SO ($55.5 million) and DUK ($50.2 million).
The largest sale was NextEra Energy (NEE), where 1,112,870 shares were trimmed for $87.1 million, followed by Southern Co (SO) with 613,720 shares sold for $55.5 million and Duke Energy (DUK) with 416,070 shares for $50.2 million. Constellation Energy (CEG) shed 175,875 shares worth $47.6 million and American Electric Power (AEP) 290,445 shares worth $37.0 million. None of the trades was a new position or a full exit.
How does XLU invest?
State Street Utilities Select Sector SPDR ETF (XLU) is an Equity Sector Utilities fund in the Equity asset class, holding 31 stocks with 58.8% 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 has an expense ratio of 0.08%, and its top holdings are NextEra Energy at 12.38%, Southern Co at 7.88%, Duke Energy at 7.13%, Constellation Energy at 6.76% and American Electric Power at 5.26%. The fund has a GF Score of 72, a P/E of 22.38, a P/B of 1.92, a dividend yield of 2.8% and a year-to-date return of 2.52%.
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.
