Prospera Financial Services Inc Sells 25,844 Shares of iShares U.S. Utilities ETF $IDU

Prospera Financial Services Inc lessened its stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 41.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,262 shares of the company’s stock after selling 25,844 shares during the period. Prospera Financial Services Inc owned approximately 0.30% of iShares U.S. Utilities ETF worth $4,038,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IDU. BOKF NA bought a new position in iShares U.S. Utilities ETF during the 3rd quarter valued at approximately $35,000. Fifth Third Bancorp bought a new position in iShares U.S. Utilities ETF during the 3rd quarter valued at approximately $39,000. Rice Partnership LLC bought a new position in iShares U.S. Utilities ETF during the 3rd quarter valued at approximately $40,000. IFP Advisors Inc increased its position in iShares U.S. Utilities ETF by 224.0% during the 3rd quarter. IFP Advisors Inc now owns 405 shares of the company’s stock valued at $45,000 after buying an additional 280 shares in the last quarter. Finally, Assetmark Inc. increased its position in iShares U.S. Utilities ETF by 25.6% during the 3rd quarter. Assetmark Inc. now owns 490 shares of the company’s stock valued at $54,000 after buying an additional 100 shares in the last quarter.

iShares U.S. Utilities ETF Price Performance

IDU stock opened at $114.48 on Tuesday. iShares U.S. Utilities ETF has a twelve month low of $102.22 and a twelve month high of $120.82. The firm has a market cap of $1.57 billion, a PE ratio of 21.72 and a beta of 0.61. The business has a 50 day moving average of $115.62 and a 200 day moving average of $113.18.

About iShares U.S. Utilities ETF

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. Its components primarily include utilities companies. BlackRock Fund Advisors acts as an investment adviser of the Fund.