Lifestyle Asset Management Inc. Acquires New Position in iShares U.S. Utilities ETF $IDU

Lifestyle Asset Management Inc. bought a new position in iShares U.S. Utilities ETF (NYSEARCA:IDU) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 14,707 shares of the company’s stock, valued at approximately $1,631,000. Lifestyle Asset Management Inc. owned about 0.11% of iShares U.S. Utilities ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IDU. Farther Finance Advisors LLC boosted its stake in shares of iShares U.S. Utilities ETF by 34.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,177 shares of the company’s stock valued at $123,000 after purchasing an additional 299 shares in the last quarter. Allworth Financial LP boosted its position in iShares U.S. Utilities ETF by 57.4% during the second quarter. Allworth Financial LP now owns 2,200 shares of the company’s stock valued at $230,000 after buying an additional 802 shares during the period. Cetera Investment Advisers grew its stake in shares of iShares U.S. Utilities ETF by 18.0% during the second quarter. Cetera Investment Advisers now owns 40,104 shares of the company’s stock valued at $4,194,000 after buying an additional 6,114 shares during the last quarter. CX Institutional increased its holdings in shares of iShares U.S. Utilities ETF by 23.6% in the second quarter. CX Institutional now owns 2,008 shares of the company’s stock worth $210,000 after buying an additional 383 shares during the period. Finally, Valmark Advisers Inc. purchased a new position in iShares U.S. Utilities ETF in the 2nd quarter worth approximately $204,000.

iShares U.S. Utilities ETF Stock Performance

NYSEARCA:IDU opened at $107.40 on Friday. The firm has a market cap of $1.45 billion, a PE ratio of 21.72 and a beta of 0.61. The business has a 50 day moving average price of $111.99 and a 200-day moving average price of $109.02. iShares U.S. Utilities ETF has a fifty-two week low of $91.91 and a fifty-two week high of $117.74.

iShares U.S. Utilities ETF Company Profile

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. Its components primarily include utilities companies. BlackRock Fund Advisors acts as an investment adviser of the Fund.