Westerkirk Capital Inc. Invests $1.31 Million in iShares U.S. Utilities ETF $IDU

Westerkirk Capital Inc. purchased a new stake in iShares U.S. Utilities ETF (NYSEARCA:IDU) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 11,780 shares of the company’s stock, valued at approximately $1,306,000.

Several other institutional investors have also modified their holdings of the stock. Sovran Advisors LLC purchased a new stake in iShares U.S. Utilities ETF in the 3rd quarter valued at $920,000. Brendel Financial Advisors LLC acquired a new position in iShares U.S. Utilities ETF in the third quarter valued at $951,000. Commonwealth Equity Services LLC raised its holdings in shares of iShares U.S. Utilities ETF by 9.8% in the third quarter. Commonwealth Equity Services LLC now owns 118,733 shares of the company’s stock valued at $13,167,000 after buying an additional 10,594 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of iShares U.S. Utilities ETF by 72.0% during the second quarter. Osaic Holdings Inc. now owns 87,941 shares of the company’s stock worth $9,202,000 after buying an additional 36,800 shares during the period. Finally, Lifestyle Asset Management Inc. acquired a new position in iShares U.S. Utilities ETF in the 3rd quarter valued at about $1,631,000.

iShares U.S. Utilities ETF Trading Up 0.3%

iShares U.S. Utilities ETF stock opened at $117.14 on Friday. The stock has a 50 day moving average of $110.22 and a two-hundred day moving average of $110.60. iShares U.S. Utilities ETF has a twelve month low of $91.91 and a twelve month high of $118.59. The stock has a market capitalization of $1.45 billion, a price-to-earnings 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.