iShares U.S. Utilities ETF (NYSEARCA:IDU) Hits New 12-Month High – What’s Next?

iShares U.S. Utilities ETF (NYSEARCA:IDU)’s stock price reached a new 52-week high on Friday . The stock traded as high as $104.37 and last traded at $104.34, with a volume of 3418 shares trading hands. The stock had previously closed at $104.03.

iShares U.S. Utilities ETF Stock Performance

The stock has a market capitalization of $1.11 billion, a PE ratio of 25.14 and a beta of 0.48. The firm has a 50 day moving average of $101.32 and a 200-day moving average of $95.28.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new position in iShares U.S. Utilities ETF in the 2nd quarter worth about $29,000. Chris Bulman Inc bought a new stake in shares of iShares U.S. Utilities ETF in the 2nd quarter valued at approximately $33,000. Strategic Investment Solutions Inc. IL acquired a new position in iShares U.S. Utilities ETF in the second quarter worth approximately $62,000. Yeomans Consulting Group Inc. bought a new position in iShares U.S. Utilities ETF during the second quarter valued at approximately $200,000. Finally, Trilogy Capital Inc. acquired a new stake in iShares U.S. Utilities ETF in the third quarter valued at approximately $206,000.

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.