Moloney Securities Asset Management LLC Takes Position in iShares U.S. Utilities ETF $IDU

Moloney Securities Asset Management LLC acquired a new position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 83,105 shares of the company’s stock, valued at approximately $9,216,000. iShares U.S. Utilities ETF makes up approximately 1.1% of Moloney Securities Asset Management LLC’s investment portfolio, making the stock its 18th largest position. Moloney Securities Asset Management LLC owned about 0.62% of iShares U.S. Utilities ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IDU. Bank of America Corp DE boosted its holdings in shares of iShares U.S. Utilities ETF by 88.0% during the second quarter. Bank of America Corp DE now owns 938,296 shares of the company’s stock worth $98,118,000 after purchasing an additional 439,316 shares during the last quarter. PGIM Custom Harvest LLC boosted its stake in iShares U.S. Utilities ETF by 1.0% in the 2nd quarter. PGIM Custom Harvest LLC now owns 459,832 shares of the company’s stock worth $48,085,000 after buying an additional 4,412 shares during the last quarter. Raymond James Financial Inc. boosted its stake in iShares U.S. Utilities ETF by 8.6% in the 2nd quarter. Raymond James Financial Inc. now owns 205,135 shares of the company’s stock worth $21,451,000 after buying an additional 16,173 shares during the last quarter. Camarda Financial Advisors LLC purchased a new stake in iShares U.S. Utilities ETF in the 2nd quarter valued at about $13,327,000. Finally, Commonwealth Equity Services LLC increased its stake in shares of iShares U.S. Utilities ETF by 9.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 118,733 shares of the company’s stock valued at $13,167,000 after acquiring an additional 10,594 shares during the last quarter.

iShares U.S. Utilities ETF Stock Performance

IDU opened at $110.24 on Friday. iShares U.S. Utilities ETF has a 1 year low of $91.91 and a 1 year high of $117.74. The company’s 50 day simple moving average is $109.06 and its 200 day simple moving average is $110.13. The stock has a market capitalization of $1.36 billion, a PE ratio of 21.72 and a beta of 0.61.

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