Commonwealth Equity Services LLC Buys 86,088 Shares of iShares U.S. Utilities ETF $IDU

Commonwealth Equity Services LLC purchased a new stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) during the third quarter, Holdings Channel reports. The fund purchased 86,088 shares of the company’s stock, valued at approximately $8,681,000.

A number of other institutional investors have also bought and sold shares of the company. Arrien Investments Inc. increased its holdings in shares of iShares U.S. Utilities ETF by 2.6% during the third quarter. Arrien Investments Inc. now owns 72,323 shares of the company’s stock valued at $7,293,000 after acquiring an additional 1,843 shares in the last quarter. Everett Harris & Co. CA acquired a new position in shares of iShares U.S. Utilities ETF during the third quarter worth approximately $1,801,000. D.A. Davidson & CO. acquired a new position in shares of iShares U.S. Utilities ETF during the third quarter worth approximately $1,636,000. North Star Investment Management Corp. bought a new position in shares of iShares U.S. Utilities ETF in the 3rd quarter worth $248,000. Finally, Laurel Wealth Advisors LLC bought a new position in shares of iShares U.S. Utilities ETF in the 3rd quarter worth $100,000.

iShares U.S. Utilities ETF Trading Up 0.4%

NYSEARCA IDU opened at $112.72 on Friday. The company has a fifty day simple moving average of $107.02 and a 200 day simple moving average of $112.40. iShares U.S. Utilities ETF has a 12-month low of $100.00 and a 12-month high of $120.82. The company has a market cap of $1.39 billion, a P/E ratio of 19.09 and a beta of 0.55.

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