iShares U.S. Utilities ETF (NYSEARCA:IDU) Hits New 1-Year High – Time to Buy?

Shares of iShares U.S. Utilities ETF (NYSEARCA:IDUGet Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as $104.37 and last traded at $104.34, with a volume of 3418 shares changing hands. The stock had previously closed at $104.03.

iShares U.S. Utilities ETF Trading Down 0.4 %

The firm has a market capitalization of $1.11 billion, a PE ratio of 25.14 and a beta of 0.48. The stock’s 50 day moving average price is $101.32 and its two-hundred day moving average price is $95.28.

Institutional Trading of iShares U.S. Utilities ETF

A number of large investors have recently made changes to their positions in the stock. Bensler LLC boosted its position in iShares U.S. Utilities ETF by 2,672.0% during the second quarter. Bensler LLC now owns 188,659 shares of the company’s stock worth $16,579,000 after acquiring an additional 181,853 shares during the last quarter. Apollon Wealth Management LLC grew its position in shares of iShares U.S. Utilities ETF by 1,289.0% in the third quarter. Apollon Wealth Management LLC now owns 132,123 shares of the company’s stock valued at $13,479,000 after purchasing an additional 122,611 shares during the period. Pinkerton Retirement Specialists LLC acquired a new position in iShares U.S. Utilities ETF in the second quarter valued at $8,491,000. Norden Group LLC purchased a new position in iShares U.S. Utilities ETF during the second quarter worth about $7,168,000. Finally, Moloney Securities Asset Management LLC purchased a new position in iShares U.S. Utilities ETF during the second quarter worth about $7,051,000.

About iShares U.S. Utilities ETF

(Get Free Report)

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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