iShares U.S. Utilities ETF $IDU Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 163.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 112,584 shares of the company’s stock after acquiring an additional 69,876 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares U.S. Utilities ETF were worth $12,200,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sovran Advisors LLC acquired a new stake in shares of iShares U.S. Utilities ETF during the third quarter valued at about $920,000. Pinkerton Wealth LLC acquired a new stake in shares of iShares U.S. Utilities ETF during the third quarter valued at about $37,467,000. Apollon Wealth Management LLC acquired a new stake in shares of iShares U.S. Utilities ETF during the fourth quarter valued at about $631,000. Envestnet Asset Management Inc. increased its position in shares of iShares U.S. Utilities ETF by 5.8% during the third quarter. Envestnet Asset Management Inc. now owns 100,330 shares of the company’s stock valued at $11,127,000 after acquiring an additional 5,472 shares during the last quarter. Finally, AE Wealth Management LLC increased its position in shares of iShares U.S. Utilities ETF by 17.4% during the third quarter. AE Wealth Management LLC now owns 95,948 shares of the company’s stock valued at $10,641,000 after acquiring an additional 14,252 shares during the last quarter.

iShares U.S. Utilities ETF Price Performance

Shares of IDU opened at $113.59 on Friday. iShares U.S. Utilities ETF has a 1-year low of $102.10 and a 1-year high of $120.82. The stock has a market cap of $1.56 billion, a PE ratio of 21.72 and a beta of 0.61. The firm has a 50-day simple moving average of $115.73 and a two-hundred day simple moving average of $113.14.

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.