Lbmc Investment Advisors LLC Has $11.84 Million Stock Holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Lbmc Investment Advisors LLC decreased its position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 116,030 shares of the company’s stock after selling 2,220 shares during the quarter. iShares U.S. Utilities ETF comprises approximately 0.9% of Lbmc Investment Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. Lbmc Investment Advisors LLC owned about 1.08% of iShares U.S. Utilities ETF worth $11,837,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Bensler LLC grew its holdings in shares of iShares U.S. Utilities ETF by 2,672.0% in the 2nd quarter. Bensler LLC now owns 188,659 shares of the company’s stock valued at $16,579,000 after buying an additional 181,853 shares during the period. Pinkerton Retirement Specialists LLC bought a new stake in shares of iShares U.S. Utilities ETF in the second quarter worth about $8,491,000. Norden Group LLC bought a new stake in shares of iShares U.S. Utilities ETF in the second quarter worth about $7,168,000. Moloney Securities Asset Management LLC acquired a new stake in shares of iShares U.S. Utilities ETF during the second quarter worth about $7,051,000. Finally, Brookstone Capital Management bought a new position in shares of iShares U.S. Utilities ETF during the 2nd quarter valued at about $4,768,000.

iShares U.S. Utilities ETF Stock Performance

NYSEARCA IDU traded up $0.43 during trading hours on Tuesday, reaching $100.84. 20,959 shares of the company’s stock were exchanged, compared to its average volume of 123,440. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48. The company’s 50-day moving average is $97.44 and its two-hundred day moving average is $91.35. iShares U.S. Utilities ETF has a one year low of $71.39 and a one year high of $103.41.

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.