JPMorgan Chase & Co. Has $1.02 Million Stock Position in iShares U.S. Utilities ETF (NYSEARCA:IDU)

JPMorgan Chase & Co. grew its stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 30.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 10,005 shares of the company’s stock after purchasing an additional 2,343 shares during the quarter. JPMorgan Chase & Co.’s holdings in iShares U.S. Utilities ETF were worth $1,021,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Strategic Investment Solutions Inc. IL bought a new stake in shares of iShares U.S. Utilities ETF in the second quarter valued at about $62,000. Trilogy Capital Inc. bought a new stake in iShares U.S. Utilities ETF in the 3rd quarter valued at about $206,000. Vertex Planning Partners LLC acquired a new position in shares of iShares U.S. Utilities ETF during the 3rd quarter worth approximately $211,000. Rede Wealth LLC acquired a new position in shares of iShares U.S. Utilities ETF during the 3rd quarter worth approximately $212,000. Finally, Callan Family Office LLC bought a new position in shares of iShares U.S. Utilities ETF during the third quarter worth approximately $214,000.

iShares U.S. Utilities ETF Trading Up 1.0 %

Shares of IDU stock opened at $100.85 on Friday. The stock has a market cap of $1.08 billion, a P/E ratio of 25.14 and a beta of 0.48. iShares U.S. Utilities ETF has a 1 year low of $75.93 and a 1 year high of $106.16. The stock has a 50 day simple moving average of $99.48 and a 200 day simple moving average of $98.23.

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.