Private Advisor Group LLC reduced its position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) by 30.2% in the first quarter, Holdings Channel reports. The firm owned 28,509 shares of the company’s stock after selling 12,311 shares during the quarter. Private Advisor Group LLC’s holdings in iShares U.S. Utilities ETF were worth $3,310,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of IDU. Strive Financial Group LLC bought a new position in shares of iShares U.S. Utilities ETF in the fourth quarter worth approximately $30,000. Arax Advisory Partners purchased a new stake in shares of iShares U.S. Utilities ETF during the fourth quarter valued at approximately $31,000. BOKF NA bought a new stake in shares of iShares U.S. Utilities ETF during the third quarter valued at approximately $35,000. IFP Advisors Inc raised its holdings in iShares U.S. Utilities ETF by 224.0% in the 3rd quarter. IFP Advisors Inc now owns 405 shares of the company’s stock worth $45,000 after acquiring an additional 280 shares during the last quarter. Finally, AlphaCore Capital LLC bought a new position in iShares U.S. Utilities ETF in the 4th quarter valued at approximately $62,000.
iShares U.S. Utilities ETF Trading Down 0.8%
Shares of IDU opened at $115.08 on Thursday. The business’s fifty day simple moving average is $113.53 and its two-hundred day simple moving average is $113.69. iShares U.S. Utilities ETF has a 12 month low of $103.52 and a 12 month high of $120.82. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 21.72 and a beta of 0.58.
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.
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