Forte Asset Management LLC Buys New Position in iShares U.S. Utilities ETF $IDU

Forte Asset Management LLC bought a new stake in iShares U.S. Utilities ETF (NYSEARCA:IDU) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 68,495 shares of the company’s stock, valued at approximately $7,162,000. iShares U.S. Utilities ETF comprises 3.6% of Forte Asset Management LLC’s portfolio, making the stock its 8th largest position. Forte Asset Management LLC owned 0.52% of iShares U.S. Utilities ETF at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in IDU. Oppenheimer & Co. Inc. boosted its holdings in iShares U.S. Utilities ETF by 2.1% in the first quarter. Oppenheimer & Co. Inc. now owns 5,122 shares of the company’s stock valued at $519,000 after acquiring an additional 104 shares during the last quarter. Jaffetilchin Investment Partners LLC boosted its holdings in iShares U.S. Utilities ETF by 26.3% in the first quarter. Jaffetilchin Investment Partners LLC now owns 10,737 shares of the company’s stock valued at $1,089,000 after acquiring an additional 2,238 shares during the last quarter. Money Concepts Capital Corp bought a new position in shares of iShares U.S. Utilities ETF during the 1st quarter worth approximately $261,000. Wealthstar Advisors LLC boosted its holdings in shares of iShares U.S. Utilities ETF by 8.1% during the 1st quarter. Wealthstar Advisors LLC now owns 18,704 shares of the company’s stock worth $1,897,000 after buying an additional 1,402 shares in the last quarter. Finally, Advisors Management Group Inc. ADV boosted its holdings in shares of iShares U.S. Utilities ETF by 7.0% during the 1st quarter. Advisors Management Group Inc. ADV now owns 21,810 shares of the company’s stock worth $2,212,000 after buying an additional 1,435 shares in the last quarter.

iShares U.S. Utilities ETF Stock Performance

iShares U.S. Utilities ETF stock opened at $115.18 on Friday. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 21.72 and a beta of 0.53. iShares U.S. Utilities ETF has a 52-week low of $91.91 and a 52-week high of $117.74. The stock’s 50 day moving average price is $110.41 and its two-hundred day moving average price is $106.49.

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.