Independent Solutions Wealth Management LLC Makes New Investment in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Independent Solutions Wealth Management LLC acquired a new position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,384 shares of the company’s stock, valued at approximately $229,000.

Several other hedge funds have also recently bought and sold shares of the stock. Bensler LLC raised its position in shares of iShares U.S. Utilities ETF by 7.6% in the fourth quarter. Bensler LLC now owns 243,010 shares of the company’s stock valued at $23,380,000 after buying an additional 17,151 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of iShares U.S. Utilities ETF in the fourth quarter valued at approximately $18,143,000. Commonwealth Equity Services LLC raised its position in shares of iShares U.S. Utilities ETF by 0.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 125,357 shares of the company’s stock valued at $12,061,000 after buying an additional 1,047 shares in the last quarter. Norden Group LLC raised its position in shares of iShares U.S. Utilities ETF by 5.9% in the fourth quarter. Norden Group LLC now owns 92,732 shares of the company’s stock valued at $8,922,000 after buying an additional 5,194 shares in the last quarter. Finally, Townsquare Capital LLC raised its position in shares of iShares U.S. Utilities ETF by 7.2% in the third quarter. Townsquare Capital LLC now owns 87,610 shares of the company’s stock valued at $8,938,000 after buying an additional 5,894 shares in the last quarter.

iShares U.S. Utilities ETF Price Performance

Shares of NYSEARCA:IDU opened at $100.31 on Friday. The company’s 50 day simple moving average is $100.24 and its 200 day simple moving average is $100.18. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 21.12 and a beta of 0.61. iShares U.S. Utilities ETF has a 1 year low of $80.68 and a 1 year high of $106.16.

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.