iShares U.S. Utilities ETF (NYSEARCA:IDU) Stake Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its stake in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 0.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 66,235 shares of the company’s stock after buying an additional 249 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.62% of iShares U.S. Utilities ETF worth $6,373,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Second Half Financial Partners LLC acquired a new position in iShares U.S. Utilities ETF during the third quarter worth about $6,398,000. Flow Traders U.S. LLC lifted its holdings in shares of iShares U.S. Utilities ETF by 487.1% during the 3rd quarter. Flow Traders U.S. LLC now owns 35,000 shares of the company’s stock valued at $3,571,000 after buying an additional 29,039 shares during the last quarter. CPR Investments Inc. acquired a new stake in shares of iShares U.S. Utilities ETF during the 4th quarter valued at about $2,373,000. Wealthstar Advisors LLC bought a new position in shares of iShares U.S. Utilities ETF in the 4th quarter valued at approximately $1,665,000. Finally, Bensler LLC raised its stake in shares of iShares U.S. Utilities ETF by 7.6% in the 4th quarter. Bensler LLC now owns 243,010 shares of the company’s stock valued at $23,380,000 after acquiring an additional 17,151 shares in the last quarter.

iShares U.S. Utilities ETF Stock Up 1.8 %

Shares of NYSEARCA IDU opened at $100.93 on Monday. The business’s 50 day moving average is $99.84 and its two-hundred day moving average is $100.10. The company has a market cap of $1.46 billion, a P/E ratio of 21.58 and a beta of 0.61. iShares U.S. Utilities ETF has a 12 month low of $80.68 and a 12 month high of $106.16.

iShares U.S. Utilities ETF Company 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.