Dallas, Texas 01/08/2014 (FINANCIALSTRENDS) – Utilities SPDR (ETF) (NYSEARCA:XLU) is an exchange traded fund which has garnered a market capitalization of $4.48 billion. In its previous avatar, this fund was traded under the name of Utilities Select Sector SPDR Fund. The fund attempts to bench mark its results and dividend yields against the price and yield provided by the Utilities Select Sector of the S&P 500 Index (the Index).
The Index tracks the performance of publicly traded “electric utilities, multi-utilities, independent power producers and energy traders, and gas utilities” companies which are traded on the U.S financial markets. Utilities SPDR (ETF) (NYSEARCA:XLU) has retained the services of SSgA Funds Management, Inc as its in house advisory team to help in its investment strategy.
Utilities SPDR (ETF) (NYSEARCA:XLU) fund has posted gains of close to 0.37 percent during trading on the past one month. In the past one quarter, its investors have seen their holdings in the stock go up by 2.95 percent in the past one quarter. This appreciation extends to an impressive 10.6 percent during trading in the past one year of trading. Over the past one year, the company has also paid out dividend of $1.43 per share, which in turn translates into a 3.8 percent annual dividend yield.
During trading on January 7, Utilities SPDR (ETF) (NYSEARCA:XLU) had posted 0.88 percent increase in value from its previous day close price. At these current valuation levels, the stock has been trading at 6.3 percent below its 52 week low price points. In the past one year, the stock has been range bound between $33.74 per share and $40.2 per share. Analysts are of the opinion that the energy sector is all set to see a big jump in its profits as the larger U.S economy is seen to be gaining from strength to strength.
