Private Advisor Group LLC lowered its stake in iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,988 shares of the company’s stock after selling 470 shares during the period. Private Advisor Group LLC owned approximately 0.21% of iShares U.S. Utilities ETF worth $2,345,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in iShares U.S. Utilities ETF in the 2nd quarter worth approximately $29,000. Chris Bulman Inc purchased a new position in shares of iShares U.S. Utilities ETF in the second quarter worth $33,000. Strategic Investment Solutions Inc. IL bought a new stake in iShares U.S. Utilities ETF during the 2nd quarter valued at $62,000. Yeomans Consulting Group Inc. bought a new stake in iShares U.S. Utilities ETF during the 2nd quarter valued at $200,000. Finally, Trilogy Capital Inc. purchased a new stake in iShares U.S. Utilities ETF during the 3rd quarter valued at $206,000.
iShares U.S. Utilities ETF Trading Up 0.7 %
IDU stock opened at $102.25 on Tuesday. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48. The firm’s 50-day moving average price is $99.91 and its two-hundred day moving average price is $93.29. iShares U.S. Utilities ETF has a 12-month low of $73.19 and a 12-month high of $104.15.
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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