Private Advisor Group LLC decreased its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) by 2.0% in the third quarter, Holdings Channel reports. The firm owned 22,988 shares of the company’s stock after selling 470 shares during the period. Private Advisor Group LLC’s holdings in iShares U.S. Utilities ETF were worth $2,345,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in iShares U.S. Utilities ETF in the second quarter valued at about $29,000. Chris Bulman Inc acquired a new position in shares of iShares U.S. Utilities ETF during the second quarter valued at about $33,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of iShares U.S. Utilities ETF in the 2nd quarter valued at approximately $62,000. Trilogy Capital Inc. acquired a new stake in iShares U.S. Utilities ETF in the 3rd quarter worth approximately $206,000. Finally, Rede Wealth LLC purchased a new stake in iShares U.S. Utilities ETF during the 3rd quarter worth approximately $212,000.
iShares U.S. Utilities ETF Trading Up 0.7 %
Shares of iShares U.S. Utilities ETF stock opened at $102.25 on Tuesday. The firm’s 50 day simple moving average is $99.91 and its two-hundred day simple moving average is $93.29. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48. iShares U.S. Utilities ETF has a 12-month low of $73.19 and a 12-month high of $104.15.
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.
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