Koshinski Asset Management Inc. Invests $1.47 Million in iShares U.S. Utilities ETF $IDU

Koshinski Asset Management Inc. purchased a new position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,535 shares of the company’s stock, valued at approximately $1,467,000. Koshinski Asset Management Inc. owned 0.10% of iShares U.S. Utilities ETF as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Bank of America Corp DE raised its holdings in shares of iShares U.S. Utilities ETF by 5.5% during the 3rd quarter. Bank of America Corp DE now owns 989,938 shares of the company’s stock worth $109,784,000 after acquiring an additional 51,642 shares during the period. Pinkerton Wealth LLC purchased a new stake in iShares U.S. Utilities ETF in the 3rd quarter valued at about $37,467,000. Sherman Porfolios LLC purchased a new stake in iShares U.S. Utilities ETF in the 3rd quarter valued at about $25,699,000. Raymond James Financial Inc. raised its holdings in iShares U.S. Utilities ETF by 4.0% in the 3rd quarter. Raymond James Financial Inc. now owns 213,408 shares of the company’s stock valued at $23,667,000 after buying an additional 8,273 shares during the period. Finally, Cresset Asset Management LLC purchased a new stake in iShares U.S. Utilities ETF in the 3rd quarter valued at about $18,800,000.

iShares U.S. Utilities ETF Trading Down 0.9%

Shares of IDU opened at $112.84 on Friday. The firm has a market cap of $1.55 billion, a P/E ratio of 21.72 and a beta of 0.61. iShares U.S. Utilities ETF has a 12-month low of $100.33 and a 12-month high of $120.82. The company’s 50-day moving average price is $117.01 and its 200 day moving average price is $113.22.

iShares U.S. Utilities ETF 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.