iShares U.S. Utilities ETF (NYSEARCA:IDU – Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $102.66 and last traded at $102.66, with a volume of 50602 shares changing hands. The stock had previously closed at $102.02.
iShares U.S. Utilities ETF Stock Performance
The company has a market capitalization of $1.10 billion, a PE ratio of 25.14 and a beta of 0.48. The firm has a fifty day simple moving average of $96.29 and a 200 day simple moving average of $90.65.
Institutional Trading of iShares U.S. Utilities ETF
Several hedge funds and other institutional investors have recently made changes to their positions in IDU. First Financial Bank Trust Division acquired a new stake in shares of iShares U.S. Utilities ETF during the third quarter worth $224,000. Strategic Investment Solutions Inc. IL purchased a new stake in iShares U.S. Utilities ETF in the second quarter valued at approximately $62,000. Cetera Investment Advisers boosted its holdings in shares of 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 valued at $2,333,000 after acquiring an additional 5,052 shares during the last quarter. Truist Financial Corp lifted its position in iShares U.S. Utilities ETF by 3.5% during the second quarter. Truist Financial Corp now owns 41,266 shares of the company’s stock valued at $3,626,000 after purchasing an additional 1,405 shares during the period. Finally, EP Wealth Advisors LLC purchased a new position in shares of iShares U.S. Utilities ETF during the 2nd quarter valued at about $392,000.
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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