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How the Top Utility Gainers in 2018 Are Placed Ahead

Vincent Kruger
How the Top Utility Gainers in 2018 Are Placed Ahead

The Utilities Select Sector SPDT ETF (XLU), the representative of the top utilities in the country, hit a new 52-week high of $57.11 on December 12. While broader markets continued to teeter, the otherwise boring utilities sector continued its uptrend in the last few months. Investors turned to defensives. Utility stocks have stable stock movements and higher dividend-paying capabilities. So far in 2018, utilities have risen more than 7%, while broader markets have fallen marginally.