M&T Bank Corporation vs Utilities Select Sector SPDR Fund — how do they compare? M&T Bank Corporation trades at $248.99 (market cap $36.15B), while Utilities Select Sector SPDR Fund trades at $44.86. The key difference: M&T Bank Corporation pays a 2.41% dividend while Utilities Select Sector SPDR Fund pays none, and M&T Bank Corporation is trading nearer its 52-week high, Utilities Select Sector SPDR Fund nearer its low. Which is the better fit depends on your goals.
| MTB | XLU | |
|---|---|---|
Market Cap | $36.15B | — |
Sector | Financials | — |
52-Week High | $254.04 | $47.73 |
52-Week Low | $178.63 | $41.31 |
Dividend Yield | 2.41% | — |
Trailing returns across standard periods
Latest headlines on both assets
M&T Bank is one of the largest regional banks in the United States, with branches in New York, Pennsylvania, West Virginia, Virginia, Maryland, Delaware, and New Jersey. The bank was founded to serve manufacturing and trading businesses around the Erie Canal and is primarily focused on commercial real estate and commercial-related lending, with some retail operations also present.
Read more on MTB →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.
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