iShares U.S. Utilities ETF (NYSEARCA:IDU) Hits New 1-Year Low – Here’s What Happened

iShares U.S. Utilities ETF (NYSEARCA:IDU)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $104.06 and last traded at $104.1530, with a volume of 169216 shares trading hands. The stock had previously closed at $104.21.

iShares U.S. Utilities ETF Price Performance

The stock has a market cap of $1.31 billion, a P/E ratio of 21.72 and a beta of 0.57. The company has a fifty day moving average of $111.20 and a 200 day moving average of $113.67.

Hedge Funds Weigh In On iShares U.S. Utilities ETF

Several large investors have recently made changes to their positions in IDU. NewEdge Advisors LLC raised its holdings in shares of iShares U.S. Utilities ETF by 12.2% in the 2nd quarter. NewEdge Advisors LLC now owns 6,383 shares of the company’s stock worth $732,000 after purchasing an additional 694 shares in the last quarter. Waverly Advisors LLC boosted its holdings in iShares U.S. Utilities ETF by 1.3% during the second quarter. Waverly Advisors LLC now owns 18,043 shares of the company’s stock worth $2,068,000 after buying an additional 240 shares in the last quarter. Citadel Advisors LLC boosted its holdings in iShares U.S. Utilities ETF by 863.9% during the second quarter. Citadel Advisors LLC now owns 20,771 shares of the company’s stock worth $2,381,000 after buying an additional 18,616 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in iShares U.S. Utilities ETF by 155.1% in the second quarter. TD Waterhouse Canada Inc. now owns 8,055 shares of the company’s stock worth $911,000 after buying an additional 4,897 shares during the last quarter. Finally, XML Financial LLC grew its position in iShares U.S. Utilities ETF by 7.5% in the second quarter. XML Financial LLC now owns 2,173 shares of the company’s stock worth $249,000 after buying an additional 152 shares during the last quarter.

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