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XLU: Reviewing Institutional Activity

Vincent Kruger
XLU: Reviewing Institutional Activity

Let’s take a look at the Utilities Select Sector SPDR ETF’s (XLU) institutional activity during the third quarter. Goldman Sachs, the biggest institutional investor in XLU, sold 16.9 million units of XLU during the third quarter. According to the recent 13F filing, Goldman Sachs held 10.8% of XLU’s total outstanding units as of September 30. At the end of the second quarter, Goldman Sachs held 22% of XLU’s total outstanding shares with more than 32.1 million shares.