Holderness Investments Co. boosted its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,917 shares of the company’s stock after buying an additional 179 shares during the period. Holderness Investments Co. owned approximately 0.13% of iShares U.S. Utilities ETF worth $1,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IDU. ICA Group Wealth Management LLC acquired a new position in shares of iShares U.S. Utilities ETF during the fourth quarter valued at about $25,000. International Assets Investment Management LLC purchased a new stake in iShares U.S. Utilities ETF during the 2nd quarter worth approximately $29,000. Chris Bulman Inc acquired a new position in iShares U.S. Utilities ETF during the 2nd quarter valued at approximately $33,000. Mather Group LLC. purchased a new position in shares of iShares U.S. Utilities ETF in the first quarter worth $59,000. Finally, Yeomans Consulting Group Inc. acquired a new stake in shares of iShares U.S. Utilities ETF during the second quarter worth $200,000.
iShares U.S. Utilities ETF Price Performance
NYSEARCA IDU opened at $101.20 on Friday. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48. The stock’s fifty day moving average price is $94.97 and its 200 day moving average price is $89.75. iShares U.S. Utilities ETF has a 1 year low of $68.87 and a 1 year high of $101.31.
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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