iShares U.S. Utilities ETF (NYSEARCA:IDU) Reaches New 12-Month High at $88.00

iShares U.S. Utilities ETF (NYSEARCA:IDU)’s stock price hit a new 52-week high on Monday . The company traded as high as $88.00 and last traded at $88.00, with a volume of 3092 shares traded. The stock had previously closed at $87.65.

iShares U.S. Utilities ETF Price Performance

The firm’s 50 day moving average price is $83.00 and its two-hundred day moving average price is $79.80. The firm has a market cap of $916.86 million, a price-to-earnings ratio of 23.49 and a beta of 0.48.

Hedge Funds Weigh In On iShares U.S. Utilities ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. ICA Group Wealth Management LLC purchased a new position in shares of iShares U.S. Utilities ETF during the fourth quarter valued at approximately $25,000. Wetzel Investment Advisors Inc. acquired a new position in shares of iShares U.S. Utilities ETF during the 4th quarter valued at $41,000. Laurel Wealth Advisors LLC boosted its position in shares of iShares U.S. Utilities ETF by 29.0% in the third quarter. Laurel Wealth Advisors LLC now owns 668 shares of the company’s stock worth $49,000 after buying an additional 150 shares during the period. Mather Group LLC. acquired a new stake in iShares U.S. Utilities ETF in the first quarter valued at approximately $59,000. Finally, Capital Analysts LLC acquired a new position in iShares U.S. Utilities ETF in the 4th quarter worth $72,000.

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.