iShares U.S. Utilities ETF (NYSEARCA:IDU – Get Free Report) saw an uptick in trading volume on Thursday . 794,259 shares traded hands during mid-day trading, an increase of 190% from the previous session’s volume of 273,780 shares.The stock last traded at $110.3910 and had previously closed at $110.31.
iShares U.S. Utilities ETF Stock Performance
The firm has a market cap of $1.44 billion, a PE ratio of 21.72 and a beta of 0.61. The company’s 50-day simple moving average is $109.42 and its two-hundred day simple moving average is $110.00.
Institutional Investors Weigh In On iShares U.S. Utilities ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in IDU. Sigma Planning Corp increased its holdings in iShares U.S. Utilities ETF by 23.2% during the 4th quarter. Sigma Planning Corp now owns 7,984 shares of the company’s stock worth $865,000 after purchasing an additional 1,506 shares during the period. Laurel Wealth Advisors LLC purchased a new position in shares of iShares U.S. Utilities ETF in the 4th quarter worth approximately $98,000. Arrien Investments Inc. grew its holdings in iShares U.S. Utilities ETF by 0.8% in the fourth quarter. Arrien Investments Inc. now owns 70,374 shares of the company’s stock worth $7,626,000 after purchasing an additional 573 shares during the last quarter. Wealthstar Advisors LLC grew its stake in iShares U.S. Utilities ETF by 31.8% during the 4th quarter. Wealthstar Advisors LLC now owns 24,666 shares of the company’s stock worth $2,673,000 after buying an additional 5,946 shares during the last quarter. Finally, Comerica Bank grew its stake in shares of iShares U.S. Utilities ETF by 4.3% during the fourth quarter. Comerica Bank now owns 9,432 shares of the company’s stock worth $1,022,000 after acquiring an additional 390 shares during the last quarter.
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.
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