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How Institutional Investors Played XLU in Q2 2018

Vincent Kruger
How Institutional Investors Played XLU in Q2 2018

Utilities gained solid momentum primarily due to trade war concerns later in the second quarter despite the Fed delivering a second rate hike in June. In this series, we’ll see how institutional investors played out top utilities during the second quarter. So far this year, the Utilities Select Sector SPDR ETF (XLU), the representative of the S&P 500 utilities, has had a tepid run and has risen almost 2.0%—notably underperforming the broader markets.