Raymond James Financial Inc. Takes Position in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Raymond James Financial Inc. acquired a new stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 188,574 shares of the company’s stock, valued at approximately $18,143,000. Raymond James Financial Inc. owned approximately 1.75% of iShares U.S. Utilities ETF as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Bensler LLC increased its holdings in shares of iShares U.S. Utilities ETF by 7.6% during the fourth 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. Norden Group LLC increased its holdings in iShares U.S. Utilities ETF by 5.9% in the 4th quarter. Norden Group LLC now owns 92,732 shares of the company’s stock worth $8,922,000 after buying an additional 5,194 shares during the period. Townsquare Capital LLC increased its holdings in iShares U.S. Utilities ETF by 7.2% in the 3rd quarter. Townsquare Capital LLC now owns 87,610 shares of the company’s stock worth $8,938,000 after buying an additional 5,894 shares during the period. Moloney Securities Asset Management LLC increased its holdings in iShares U.S. Utilities ETF by 0.8% in the 4th quarter. Moloney Securities Asset Management LLC now owns 84,082 shares of the company’s stock worth $8,089,000 after buying an additional 688 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in iShares U.S. Utilities ETF by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 66,235 shares of the company’s stock worth $6,373,000 after buying an additional 249 shares during the period.

iShares U.S. Utilities ETF Trading Up 0.6 %

Shares of NYSEARCA:IDU opened at $101.54 on Tuesday. iShares U.S. Utilities ETF has a twelve month low of $80.68 and a twelve month high of $106.16. The company’s 50 day moving average is $99.93 and its 200 day moving average is $100.13. The company has a market cap of $1.47 billion, a PE ratio of 21.58 and a beta of 0.61.

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.