Hsbc Holdings PLC Boosts Stake in iShares U.S. Utilities ETF $IDU

Hsbc Holdings PLC lifted its position in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 24,187.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 728,611 shares of the company’s stock after purchasing an additional 725,611 shares during the quarter. Hsbc Holdings PLC owned approximately 0.06% of iShares U.S. Utilities ETF worth $78,952,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in IDU. Gamco Investors INC. ET AL purchased a new position in iShares U.S. Utilities ETF during the 2nd quarter worth approximately $269,000. Qube Research & Technologies Ltd boosted its holdings in shares of iShares U.S. Utilities ETF by 99.8% in the second quarter. Qube Research & Technologies Ltd now owns 2,146 shares of the company’s stock valued at $224,000 after acquiring an additional 1,072 shares during the period. NewEdge Advisors LLC grew its position in shares of iShares U.S. Utilities ETF by 1.2% during the second quarter. NewEdge Advisors LLC now owns 20,855 shares of the company’s stock worth $2,181,000 after acquiring an additional 244 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of iShares U.S. Utilities ETF by 58.2% during the second quarter. Quantinno Capital Management LP now owns 6,455 shares of the company’s stock worth $675,000 after acquiring an additional 2,374 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of iShares U.S. Utilities ETF by 8.6% during the second quarter. Raymond James Financial Inc. now owns 205,135 shares of the company’s stock worth $21,451,000 after acquiring an additional 16,173 shares during the last quarter.

iShares U.S. Utilities ETF Price Performance

Shares of iShares U.S. Utilities ETF stock opened at $112.97 on Tuesday. The firm’s fifty day simple moving average is $113.79 and its 200-day simple moving average is $113.15. iShares U.S. Utilities ETF has a 12 month low of $102.91 and a 12 month high of $120.82. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 21.72 and a beta of 0.58.

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.