Profile
Assets class:
EquityAssets under management:
$17 BAverage volume:
$11 MDomicile:
USExpense ratio:
0.09%Inception date:
22 December 1998Website:
http://www.ssga.comLast dividends:
23 September 2024Next dividends:
N/A
Top countries
Dividend yield TTM
XLU Latest News
Traditional wisdom considers utility stocks safe haven investments for good reason. They offer a combination of growth and quasi-bond features (such as generous yields and relative predictable earnings). However, now is a bad time to apply such wisdom, especially when applied blindly.
Utilities are essential investments due to their critical role in daily life, similar to Warren Buffett's top-tier businesses like Coca-Cola and American Express. XLU offers cost-effective, diversified exposure to the utilities sector, with a focus on stable, dividend-paying companies. Increasing energy demand from data centers and electric vehicles, along with AI advancements, positions utilities for significant growth, with nuclear energy emerging as a key solution.
Stocks in this sector are underappreciated, and the marketplace has yet to price in their full potential.
The Utilities Select Sector SPDR Fund (XLU) ETF has done well this year, helped by the strong growth of most utility companies. It has jumped by almost 30%, outperforming the Vanguard S&P 500 (VOO) and the Invesco QQQ ETF (QQQ) ETFs.
If you're interested in broad exposure to the Utilities - Broad segment of the equity market, look no further than the Utilities Select Sector SPDR ETF (XLU), a passively managed exchange traded fund launched on 12/16/1998.
While the tech sector has become overvalued, utility is still undervalued and could be worth investing in to tap the AI boom.
Investors might begin to question whether this surge has gone too far or too fast as the utilities sector continues its impressive climb. With the sector ETF's Utilities Select Sector SPDR NYSE: XLU recent outperformance, some might be wondering if it's now overbought and due for a pullback in the short term.
Designed to provide broad exposure to the Utilities - Broad segment of the equity market, the Utilities Select Sector SPDR ETF (XLU) is a passively managed exchange traded fund launched on 12/16/1998.
XLU ETF has a portfolio of 30 large-cap U.S. utility stocks with a low expense ratio of 0.09%. XLU outperformed the S&P 500 and Nasdaq 100 in 2024, with improving long-term earnings growth outlook for the utilities sector. An eventual decline in rate will act as a catalyst to XLU's fund price.
In the exchange-traded funds (ETFs) world, the Utilities Select Sector SPDR Fund NYSE: XLU demonstrates a notable bullish setup. The XLU is now up almost 12% year-to-date, consolidating in a bullish wedge just under 3% away from its 52-week high and trading above all major moving averages.
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What is XLU ETF?
In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes securities of companies from the following industries: electric utilities; water utilities; multi-utilities; independent power and renewable electricity producers; and gas utilities. The fund is non-diversified.
What is XLU assets class?
Assets class of XLU ETF is 'Equity'
What is XLU assets under management?
Assets under management of XLU ETF is $17 B
What is XLU average volume?
Average volume of XLU ETF is $11 M
What is XLU domicile?
Domicile of XLU ETF is US
What is XLU expense ratio?
Expense ratio of XLU ETF is 0.09%
What is XLU inception date?
Inception date of XLU ETF is 22 December 1998
What is XLU website?
Website of XLU ETF is https://www.ssga.com/us/en/institutional/etfs/funds/the-utilities-select-sector-spdr-fund-xlu