Northwestern Mutual Wealth Management Co. Sells 3,915 Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU)

Northwestern Mutual Wealth Management Co. trimmed its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 17.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,543 shares of the company’s stock after selling 3,915 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.17% of iShares U.S. Utilities ETF worth $1,630,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bensler LLC grew its position in shares of iShares U.S. Utilities ETF by 2,672.0% during the 2nd quarter. Bensler LLC now owns 188,659 shares of the company’s stock valued at $16,579,000 after acquiring an additional 181,853 shares during the period. Commonwealth Equity Services LLC grew its holdings in iShares U.S. Utilities ETF by 11.3% during the second quarter. Commonwealth Equity Services LLC now owns 124,841 shares of the company’s stock valued at $10,971,000 after purchasing an additional 12,692 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in iShares U.S. Utilities ETF by 19.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 121,434 shares of the company’s stock worth $10,672,000 after buying an additional 19,817 shares in the last quarter. Pinkerton Retirement Specialists LLC bought a new position in shares of iShares U.S. Utilities ETF in the second quarter worth about $8,491,000. Finally, Norden Group LLC purchased a new position in shares of iShares U.S. Utilities ETF during the 2nd quarter valued at about $7,168,000.

iShares U.S. Utilities ETF Trading Down 0.3 %

iShares U.S. Utilities ETF stock opened at $102.51 on Friday. iShares U.S. Utilities ETF has a 12-month low of $68.87 and a 12-month high of $103.41. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48. The firm has a 50 day moving average of $97.25 and a 200 day moving average of $91.16.

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.