Oppenheimer & Co. Inc. Makes New $545,000 Investment in iShares U.S. Utilities ETF $IDU

Oppenheimer & Co. Inc. purchased a new position in iShares U.S. Utilities ETF (NYSEARCA:IDU) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,407 shares of the company’s stock, valued at approximately $545,000.

Several other hedge funds and other institutional investors have also modified their holdings of IDU. XML Financial LLC grew its position in shares of iShares U.S. Utilities ETF by 7.5% during the 2nd quarter. XML Financial LLC now owns 2,173 shares of the company’s stock valued at $249,000 after buying an additional 152 shares during the last quarter. Sei Investments Co. lifted its holdings in iShares U.S. Utilities ETF by 2.7% in the first quarter. Sei Investments Co. now owns 6,355 shares of the company’s stock worth $738,000 after acquiring an additional 167 shares during the last quarter. CacheTech Inc. boosted its stake in iShares U.S. Utilities ETF by 5.5% in the first quarter. CacheTech Inc. now owns 3,720 shares of the company’s stock valued at $432,000 after acquiring an additional 194 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in iShares U.S. Utilities ETF by 11.1% in the second quarter. Wealthcare Advisory Partners LLC now owns 2,057 shares of the company’s stock valued at $236,000 after acquiring an additional 206 shares during the period. Finally, Advisors Management Group Inc. ADV grew its holdings in shares of iShares U.S. Utilities ETF by 1.0% during the first quarter. Advisors Management Group Inc. ADV now owns 20,980 shares of the company’s stock valued at $2,436,000 after purchasing an additional 216 shares during the last quarter.

iShares U.S. Utilities ETF Trading Down 0.6%

NYSEARCA:IDU opened at $110.81 on Friday. The stock has a 50 day moving average of $106.63 and a 200-day moving average of $112.32. The firm has a market capitalization of $1.42 billion, a PE ratio of 21.72 and a beta of 0.54. iShares U.S. Utilities ETF has a 52 week low of $100.00 and a 52 week high of $120.82.

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.