Sunbelt Securities Inc. trimmed its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) by 29.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,619 shares of the company’s stock after selling 681 shares during the period. Sunbelt Securities Inc.’s holdings in iShares U.S. Utilities ETF were worth $137,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC bought a new stake in iShares U.S. Utilities ETF during the fourth quarter worth approximately $25,000. Wetzel Investment Advisors Inc. acquired a new position in iShares U.S. Utilities ETF in the 4th quarter worth approximately $41,000. Laurel Wealth Advisors LLC boosted its stake in iShares U.S. Utilities ETF by 29.0% in the 3rd quarter. Laurel Wealth Advisors LLC now owns 668 shares of the company’s stock worth $49,000 after purchasing an additional 150 shares during the period. Mather Group LLC. acquired a new position in iShares U.S. Utilities ETF in the 1st quarter worth approximately $59,000. Finally, Capital Analysts LLC acquired a new position in iShares U.S. Utilities ETF in the 4th quarter worth approximately $72,000.
iShares U.S. Utilities ETF Stock Performance
iShares U.S. Utilities ETF stock opened at $87.88 on Friday. The company has a 50 day moving average price of $89.31 and a 200 day moving average price of $83.48. iShares U.S. Utilities ETF has a 52 week low of $68.87 and a 52 week high of $92.69. The firm has a market capitalization of $944.71 million, a price-to-earnings ratio of 25.14 and a beta of 0.48.
About iShares U.S. Utilities ETF
iShares U.S. Utilities ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Utilities Index (the Underlying Index). The Underlying Index measures the performance of the utilities sector of the United States equity market.
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