This 1 ETF Could Give Your Portfolio The Stability It Needs Right Now

[ETF Daily News]( September 20th, 2022 SPONSORED AD [Lithium Stocks In The Spotlight]( Here's a company -- undiscovered by Wall Street and trading below $0.30 per share -- which just recently uncovered 8 high-quality targets on unexplored ground, and drills will be turning later this year. Very few investors know about it yet... so the ground-floor opportunity below $0.30 won't be around much longer. It's a brand new breed of lithium explorer -- all you need to do is click and the name and trading symbol is yours. [It's all in the FREE report you can get here.]( [This 1 ETF Could Give Your Portfolio The Stability It Needs Right Now]( The Utilities Select Sector SPDR Fund ([XLU]( provides exposure to the utility sector in the United States. The fund uses a replication strategy to track the performance of the Utilities Select Sector Index. Securities from companies in the gas utilities, water utilities, independent power producers, multi-utilities, and utilities for the production of renewable and independent power are included in the index. The five-year monthly beta for XLU is 0.54, reflecting its lower volatility compared to the broader market. In a recessionary environment, the utility sector provides a solid hedge to one's investment portfolio. In addition, this highly regulated sector is known for its low volatility in terms of financials. XLU has gained 12.6% over the past year and 10.2% over the past nine months to close its last trading session at $74.75. In addition, it is currently trading only 4.4% below its 52-week high of $78.22. Here are the factors that could affect XLU's performance in the near term: Fund Stats XLU has $18.13 billion in assets under management and a [NAV]( of $76.66. Its gross expense ratio of 0.10% is significantly lower than the category average of 0.43%. The fund has a net flow of $3.12 billion over the past year and $804.54 million over the past month. Top Holdings [3 STOCKS TO DOUBLE THIS YEAR]( The fund's top holdings include NextEra Energy Inc. ([NEE]( with a 17.2% weight, Duke Energy Corp. ([DUK]( with an 8.4% weight, Southern Co ([SO]( with a 7.3% weight, Dominion Energy Inc. ([D]( with a 6.6% weight, and the Exelon Corp ([EXC]( with a 5% weight. Attractive Dividend XLU's annual dividend of $1.98 yields 2.96% on prevailing prices. Its dividend payouts have increased at a 3.6% CAGR over the past five years. The fund has a record of… Continue reading at [STOCKNEWS.com]( SPONSORED AD [Privacy Policy]( | [Advertiser Disclosure]( Copyright © 2022 StockNews.com | All Rights Reserved [Unsubscribe]( [Privacy Policy]( [Terms & Conditions]( Financial Answers, 1 Penn Plaza, Suite 3910, New York, NY 10019