PKS Advisory Services LLC Invests $259,000 in iShares U.S. Utilities ETF (NYSEARCA:IDU)

PKS Advisory Services LLC acquired a new position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,696 shares of the company’s stock, valued at approximately $259,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Picton Mahoney Asset Management acquired a new stake in shares of iShares U.S. Utilities ETF in the 4th quarter valued at about $87,000. New Wave Wealth Advisors LLC acquired a new stake in iShares U.S. Utilities ETF in the 4th quarter valued at approximately $117,000. Hilltop Holdings Inc. bought a new stake in iShares U.S. Utilities ETF in the 3rd quarter valued at approximately $224,000. Harbour Investments Inc. boosted its position in iShares U.S. Utilities ETF by 69.3% during the 4th quarter. Harbour Investments Inc. now owns 2,274 shares of the company’s stock worth $219,000 after acquiring an additional 931 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in shares of iShares U.S. Utilities ETF during the 3rd quarter worth approximately $240,000.

iShares U.S. Utilities ETF Stock Down 1.4 %

NYSEARCA IDU opened at $98.94 on Wednesday. The firm’s 50 day moving average is $100.40 and its 200-day moving average is $100.26. The company has a market capitalization of $1.34 billion, a PE ratio of 21.12 and a beta of 0.61. iShares U.S. Utilities ETF has a 12-month low of $80.68 and a 12-month high of $106.16.

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.