EWG Elevate Inc. Trims Holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU)

EWG Elevate Inc. lowered its stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 46.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 10,941 shares of the company’s stock after selling 9,599 shares during the period. EWG Elevate Inc. owned approximately 0.10% of iShares U.S. Utilities ETF worth $1,116,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. HBW Advisory Services LLC lifted its position in shares of iShares U.S. Utilities ETF by 4.1% during the third quarter. HBW Advisory Services LLC now owns 5,018 shares of the company’s stock worth $512,000 after purchasing an additional 197 shares in the last quarter. First Financial Bank Trust Division purchased a new stake in iShares U.S. Utilities ETF during the 3rd quarter worth approximately $224,000. Strategic Investment Solutions Inc. IL acquired a new stake in iShares U.S. Utilities ETF during the 2nd quarter worth approximately $62,000. Cetera Investment Advisers boosted its position 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 valued at $2,333,000 after buying an additional 5,052 shares during the period. Finally, Truist Financial Corp boosted its position in iShares U.S. Utilities ETF by 3.5% in the 2nd quarter. Truist Financial Corp now owns 41,266 shares of the company’s stock valued at $3,626,000 after buying an additional 1,405 shares during the period.

iShares U.S. Utilities ETF Trading Down 2.0 %

NYSEARCA:IDU traded down $2.10 during midday trading on Monday, reaching $100.41. The company had a trading volume of 79,640 shares, compared to its average volume of 124,007. The stock’s fifty day simple moving average is $97.44 and its 200-day simple moving average is $91.35. iShares U.S. Utilities ETF has a 12-month low of $71.39 and a 12-month high of $103.41. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48.

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.