iShares U.S. Utilities ETF (NYSEARCA:IDU) Sets New 1-Year High – Here’s What Happened

Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) reached a new 52-week high on Tuesday . The stock traded as high as $118.64 and last traded at $118.6140, with a volume of 39063 shares traded. The stock had previously closed at $117.86.

iShares U.S. Utilities ETF Price Performance

The company has a market capitalization of $1.47 billion, a PE ratio of 21.72 and a beta of 0.61. The company’s 50 day simple moving average is $110.39 and its 200 day simple moving average is $110.66.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in iShares U.S. Utilities ETF by 5.5% in the third quarter. Bank of America Corp DE now owns 989,938 shares of the company’s stock valued at $109,784,000 after acquiring an additional 51,642 shares during the last quarter. PGIM Custom Harvest LLC increased its position in shares of iShares U.S. Utilities ETF by 1.0% during the second quarter. PGIM Custom Harvest LLC now owns 459,832 shares of the company’s stock worth $48,085,000 after purchasing an additional 4,412 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of iShares U.S. Utilities ETF by 14.0% in the 4th quarter. LPL Financial LLC now owns 411,813 shares of the company’s stock valued at $44,624,000 after purchasing an additional 50,692 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of iShares U.S. Utilities ETF by 6.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 404,651 shares of the company’s stock valued at $43,848,000 after purchasing an additional 23,361 shares during the last quarter. Finally, Pinkerton Wealth LLC boosted its position in shares of iShares U.S. Utilities ETF by 8.6% in the 4th quarter. Pinkerton Wealth LLC now owns 366,993 shares of the company’s stock valued at $39,767,000 after purchasing an additional 29,151 shares during the period.

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.