Creative Planning Invests $349,000 in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Creative Planning bought a new position in iShares U.S. Utilities ETF (NYSEARCA:IDU) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,422 shares of the company’s stock, valued at approximately $349,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IDU. Commonwealth Equity Services LLC boosted its stake in iShares U.S. Utilities ETF by 11.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 124,841 shares of the company’s stock worth $10,971,000 after purchasing an additional 12,692 shares in the last quarter. Brookstone Capital Management bought a new position in iShares U.S. Utilities ETF in the 2nd quarter worth about $4,768,000. Cetera Investment Advisers boosted its stake in iShares U.S. Utilities ETF by 23.5% in the 2nd quarter. Cetera Investment Advisers now owns 26,551 shares of the company’s stock worth $2,333,000 after purchasing an additional 5,052 shares in the last quarter. Bensler LLC boosted its stake in iShares U.S. Utilities ETF by 2,672.0% in the 2nd quarter. Bensler LLC now owns 188,659 shares of the company’s stock worth $16,579,000 after purchasing an additional 181,853 shares in the last quarter. Finally, AE Wealth Management LLC lifted its stake in iShares U.S. Utilities ETF by 9.3% during the 2nd quarter. AE Wealth Management LLC now owns 38,156 shares of the company’s stock valued at $3,353,000 after acquiring an additional 3,232 shares during the period.

iShares U.S. Utilities ETF Stock Performance

IDU opened at $100.93 on Friday. The stock has a market capitalization of $1.08 billion, a P/E ratio of 25.14 and a beta of 0.48. The company’s 50-day simple moving average is $100.55 and its two-hundred day simple moving average is $94.21. iShares U.S. Utilities ETF has a 52-week low of $74.84 and a 52-week high of $104.15.

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.