Legacy Capital Group California Inc. Takes $245,000 Position in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Legacy Capital Group California Inc. acquired a new stake in iShares U.S. Utilities ETF (NYSEARCA:IDU) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 2,405 shares of the company’s stock, valued at approximately $245,000.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in shares of iShares U.S. Utilities ETF in the 2nd quarter valued at about $29,000. Chris Bulman Inc bought a new position in iShares U.S. Utilities ETF during the second quarter worth about $33,000. Strategic Investment Solutions Inc. IL bought a new position in iShares U.S. Utilities ETF during the second quarter worth about $62,000. Trilogy Capital Inc. bought a new position in iShares U.S. Utilities ETF during the third quarter worth about $206,000. Finally, Rede Wealth LLC bought a new position in iShares U.S. Utilities ETF during the third quarter worth about $212,000.

iShares U.S. Utilities ETF Stock Performance

iShares U.S. Utilities ETF stock opened at $101.57 on Friday. The stock has a 50-day simple moving average of $99.78 and a 200 day simple moving average of $93.03. The stock has a market capitalization of $1.09 billion, a P/E ratio of 25.14 and a beta of 0.48. iShares U.S. Utilities ETF has a 52 week low of $73.19 and a 52 week high of $104.15.

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.