Wealth Enhancement Advisory Services LLC Cuts Position in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Wealth Enhancement Advisory Services LLC reduced its stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 2.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,716 shares of the company’s stock after selling 240 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.10% of iShares U.S. Utilities ETF worth $1,093,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in IDU. Stifel Financial Corp boosted its holdings in iShares U.S. Utilities ETF by 30.1% during the third quarter. Stifel Financial Corp now owns 9,093 shares of the company’s stock worth $928,000 after buying an additional 2,103 shares in the last quarter. Creative Planning acquired a new stake in shares of iShares U.S. Utilities ETF during the 3rd quarter valued at approximately $349,000. Raymond James & Associates boosted its stake in shares of iShares U.S. Utilities ETF by 28.5% during the 3rd quarter. Raymond James & Associates now owns 25,068 shares of the company’s stock worth $2,557,000 after acquiring an additional 5,560 shares in the last quarter. Keystone Wealth Services LLC acquired a new stake in shares of iShares U.S. Utilities ETF in the 3rd quarter worth approximately $216,000. Finally, Gimbal Financial purchased a new position in iShares U.S. Utilities ETF in the 3rd quarter valued at approximately $7,957,000.

iShares U.S. Utilities ETF Stock Performance

Shares of IDU stock opened at $97.73 on Thursday. The stock has a fifty day moving average price of $99.47 and a 200 day moving average price of $97.62. The stock has a market cap of $1.05 billion, a PE ratio of 25.14 and a beta of 0.48. iShares U.S. Utilities ETF has a 1 year low of $75.93 and a 1 year high of $106.16.

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.