Royal Bank of Canada Trims Position in iShares U.S. Utilities ETF $IDU

Royal Bank of Canada decreased its position in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 16.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 149,406 shares of the company’s stock after selling 29,290 shares during the quarter. Royal Bank of Canada owned approximately 1.09% of iShares U.S. Utilities ETF worth $17,347,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of IDU. Hsbc Holdings PLC grew its stake in shares of iShares U.S. Utilities ETF by 24,187.0% during the 4th quarter. Hsbc Holdings PLC now owns 728,611 shares of the company’s stock valued at $78,952,000 after purchasing an additional 725,611 shares during the period. Bank of America Corp DE lifted its stake in shares of iShares U.S. Utilities ETF by 88.0% in the 2nd quarter. Bank of America Corp DE now owns 938,296 shares of the company’s stock worth $98,118,000 after purchasing an additional 439,316 shares during the period. Camarda Financial Advisors LLC bought a new position in shares of iShares U.S. Utilities ETF in the 2nd quarter worth approximately $13,327,000. Goldman Sachs Group Inc. boosted its holdings in shares of iShares U.S. Utilities ETF by 629.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 127,535 shares of the company’s stock worth $13,820,000 after buying an additional 110,043 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in shares of iShares U.S. Utilities ETF by 3,828.9% in the fourth quarter. Corient Private Wealth LLC now owns 80,935 shares of the company’s stock worth $8,770,000 after buying an additional 78,875 shares during the last quarter.

iShares U.S. Utilities ETF Trading Down 0.4%

Shares of NYSEARCA IDU opened at $110.29 on Friday. The firm has a 50 day moving average of $113.68 and a 200 day moving average of $114.55. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 21.72 and a beta of 0.58. iShares U.S. Utilities ETF has a 12-month low of $105.06 and a 12-month high of $120.82.

About iShares U.S. Utilities ETF

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.