Pinnacle Private Wealth LLC Reduces Stock Holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Pinnacle Private Wealth LLC lowered its position in iShares U.S. Utilities ETF (NYSEARCA:IDUGet Rating) by 3.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,828 shares of the company’s stock after selling 244 shares during the quarter. Pinnacle Private Wealth LLC owned 0.06% of iShares U.S. Utilities ETF worth $584,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in IDU. FourThought Financial LLC purchased a new stake in iShares U.S. Utilities ETF during the 1st quarter worth about $27,000. Tsfg LLC purchased a new stake in iShares U.S. Utilities ETF in the 2nd quarter valued at about $30,000. Qube Research & Technologies Ltd purchased a new stake in iShares U.S. Utilities ETF in the 4th quarter valued at about $40,000. Capital Advisory Group Advisory Services LLC purchased a new stake in iShares U.S. Utilities ETF in the 1st quarter valued at about $46,000. Finally, Avion Wealth purchased a new stake in iShares U.S. Utilities ETF in the 1st quarter valued at about $66,000.

iShares U.S. Utilities ETF Stock Down 1.2 %

IDU traded down $1.12 during midday trading on Friday, hitting $88.74. The company’s stock had a trading volume of 76,028 shares, compared to its average volume of 105,663. The firm has a 50-day moving average price of $91.47 and a two-hundred day moving average price of $89.17. iShares U.S. Utilities ETF has a 52-week low of $78.17 and a 52-week high of $96.00.

iShares U.S. Utilities ETF Company Profile

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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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Institutional Ownership by Quarter for iShares U.S. Utilities ETF (NYSEARCA:IDU)

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