iShares U.S. Utilities ETF (NYSEARCA:IDU – Get Free Report) saw strong trading volume on Wednesday . 881,810 shares changed hands during mid-day trading, an increase of 390% from the previous session’s volume of 179,949 shares.The stock last traded at $110.43 and had previously closed at $111.87.
iShares U.S. Utilities ETF Price Performance
The stock has a market capitalization of $1.39 billion, a PE ratio of 21.72 and a beta of 0.58. The stock’s fifty day moving average is $113.79 and its 200-day moving average is $114.55.
Institutional Trading of iShares U.S. Utilities ETF
Several institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC raised its position in 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 acquiring an additional 725,611 shares during the period. Bank of America Corp DE boosted its stake in shares of iShares U.S. Utilities ETF by 88.0% in the second quarter. Bank of America Corp DE now owns 938,296 shares of the company’s stock worth $98,118,000 after acquiring an additional 439,316 shares during the last quarter. Camarda Financial Advisors LLC acquired a new position in iShares U.S. Utilities ETF in the 2nd quarter valued at $13,327,000. Goldman Sachs Group Inc. grew its position in shares of iShares U.S. Utilities ETF by 629.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 127,535 shares of the company’s stock valued at $13,820,000 after purchasing an additional 110,043 shares in the last quarter. Finally, Corient Private Wealth LLC raised its holdings in shares of iShares U.S. Utilities ETF by 3,828.9% during the 4th quarter. Corient Private Wealth LLC now owns 80,935 shares of the company’s stock worth $8,770,000 after acquiring an additional 78,875 shares during the period.
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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