NewEdge Advisors LLC Purchases 476 Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU)

NewEdge Advisors LLC raised its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,553 shares of the company’s stock after buying an additional 476 shares during the quarter. NewEdge Advisors LLC owned 0.17% of iShares U.S. Utilities ETF worth $1,630,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IDU. Bensler LLC increased its holdings in shares of iShares U.S. Utilities ETF by 2,672.0% in the second quarter. Bensler LLC now owns 188,659 shares of the company’s stock valued at $16,579,000 after purchasing an additional 181,853 shares in the last quarter. Pinkerton Retirement Specialists LLC acquired a new position in iShares U.S. Utilities ETF during the second quarter worth $8,491,000. Norden Group LLC bought a new position in iShares U.S. Utilities ETF in the second quarter valued at $7,168,000. Moloney Securities Asset Management LLC acquired a new stake in shares of iShares U.S. Utilities ETF in the second quarter valued at about $7,051,000. Finally, Brookstone Capital Management bought a new stake in shares of iShares U.S. Utilities ETF during the 2nd quarter worth approximately $4,768,000.

iShares U.S. Utilities ETF Price Performance

Shares of IDU stock opened at $102.51 on Friday. The company has a fifty day moving average price of $97.25 and a two-hundred day moving average price of $91.16. The stock has a market cap of $1.10 billion, a P/E ratio of 25.14 and a beta of 0.48. iShares U.S. Utilities ETF has a one year low of $68.87 and a one year high of $103.41.

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.