Warner Music Group Corp vs Utilities Select Sector SPDR Fund — how do they compare? Warner Music Group Corp trades at $28.2 (market cap $14.64B), while Utilities Select Sector SPDR Fund trades at $44.86. The key difference: Warner Music Group Corp pays a 2.71% dividend while Utilities Select Sector SPDR Fund pays none, and Utilities Select Sector SPDR Fund is trading nearer its 52-week high, Warner Music Group Corp nearer its low. Which is the better fit depends on your goals.
| WMG | XLU | |
|---|---|---|
Market Cap | $14.64B | — |
Sector | Media | — |
52-Week High | $34.72 | $47.73 |
52-Week Low | $23.65 | $41.31 |
Enterprise Value | $18.84B | — |
Dividend Yield | 2.71% | — |
Trailing returns across standard periods
Warner Music Group is the third largest of the three major global record labels, with Vivendi's Universal Music in first and Sony Music in second. Warner's larger segment, recorded music, consists of iconic labels like Atlantic Records, Warner Records, and Parlophone Records and popular artists such as Ed Sheeran, Cardi B, Dua Lipa, and Blake Shelton. Warner Chappell, the firm's publishing arm, is the home to over 65,000 composers and songwriters with over a million copyrights represented. Warner is controlled by Access Industries, which owns an 84% economic interest and 99% of voting rights.
Read more on WMG →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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