Citadel Advisors LLC Grows Stock Holdings in iShares U.S. Utilities ETF $IDU

Citadel Advisors LLC lifted its position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 863.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 20,771 shares of the company’s stock after purchasing an additional 18,616 shares during the quarter. Citadel Advisors LLC’s holdings in iShares U.S. Utilities ETF were worth $2,381,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in IDU. Bank of America Corp DE grew its stake in shares of iShares U.S. Utilities ETF by 5.5% during the third quarter. Bank of America Corp DE now owns 989,938 shares of the company’s stock valued at $109,784,000 after buying an additional 51,642 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of iShares U.S. Utilities ETF by 24,187.0% in the 4th quarter. Hsbc Holdings PLC now owns 728,611 shares of the company’s stock valued at $78,952,000 after acquiring an additional 725,611 shares during the last quarter. LPL Financial LLC lifted its stake in shares of iShares U.S. Utilities ETF by 14.0% in the 4th quarter. LPL Financial LLC now owns 411,813 shares of the company’s stock valued at $44,624,000 after acquiring an additional 50,692 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in iShares U.S. Utilities ETF by 6.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 404,651 shares of the company’s stock valued at $43,848,000 after acquiring an additional 23,361 shares during the period. Finally, Pinkerton Wealth LLC boosted its holdings in iShares U.S. Utilities ETF by 8.6% during the 4th quarter. Pinkerton Wealth LLC now owns 366,993 shares of the company’s stock valued at $39,767,000 after acquiring an additional 29,151 shares during the period.

iShares U.S. Utilities ETF Price Performance

IDU opened at $110.48 on Wednesday. The stock’s 50 day simple moving average is $112.57 and its 200 day simple moving average is $114.36. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 21.72 and a beta of 0.57. iShares U.S. Utilities ETF has a 1 year low of $105.13 and a 1 year high of $120.82.

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.