iShares U.S. Utilities ETF (NYSEARCA:IDU – Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 158,301 shares were traded during trading, an increase of 2% from the previous session’s volume of 154,539 shares.The stock last traded at $117.96 and had previously closed at $118.39.
iShares U.S. Utilities ETF Stock Down 0.2%
The company has a 50 day moving average of $113.70 and a 200 day moving average of $111.76. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 21.72 and a beta of 0.61.
Hedge Funds Weigh In On iShares U.S. Utilities ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC lifted its stake in shares of iShares U.S. Utilities ETF by 24,187.0% during the fourth quarter. Hsbc Holdings PLC now owns 728,611 shares of the company’s stock worth $78,952,000 after purchasing an additional 725,611 shares in the last quarter. Bank of America Corp DE grew its position 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 buying an additional 439,316 shares in the last quarter. Pinkerton Wealth LLC bought a new stake in shares of iShares U.S. Utilities ETF in the 3rd quarter worth about $37,467,000. Sherman Porfolios LLC bought a new stake in iShares U.S. Utilities ETF in the third quarter valued at about $25,699,000. Finally, Cresset Asset Management LLC acquired a new stake in shares of iShares U.S. Utilities ETF during the 3rd quarter valued at approximately $18,800,000.
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.
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