AE Wealth Management LLC Buys 3,232 Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU)

AE Wealth Management LLC increased its position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 9.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,156 shares of the company’s stock after purchasing an additional 3,232 shares during the quarter. AE Wealth Management LLC owned 0.35% of iShares U.S. Utilities ETF worth $3,353,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. ICA Group Wealth Management LLC bought a new stake in shares of iShares U.S. Utilities ETF during the 4th quarter worth approximately $25,000. International Assets Investment Management LLC acquired a new stake in iShares U.S. Utilities ETF in the second quarter valued at about $29,000. Chris Bulman Inc bought a new position in iShares U.S. Utilities ETF in the second quarter valued at about $33,000. Mather Group LLC. acquired a new position in iShares U.S. Utilities ETF during the first quarter worth about $59,000. Finally, Yeomans Consulting Group Inc. bought a new position in shares of iShares U.S. Utilities ETF in the second quarter worth about $200,000.

iShares U.S. Utilities ETF Trading Up 2.4 %

IDU opened at $101.20 on Monday. The company’s 50 day moving average is $94.97 and its 200-day moving average is $89.81. The company has a market cap of $1.09 billion, a P/E ratio of 25.14 and a beta of 0.48. iShares U.S. Utilities ETF has a 1-year low of $68.87 and a 1-year high of $101.31.

iShares U.S. Utilities ETF Profile

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.