iShares U.S. Utilities ETF (NYSEARCA:IDU) Sees Unusually-High Trading Volume – Here’s Why

iShares U.S. Utilities ETF (NYSEARCA:IDU) saw unusually-strong trading volume on Friday . Approximately 1,272,311 shares changed hands during mid-day trading, an increase of 526% from the previous session’s volume of 203,284 shares.The stock last traded at $117.68 and had previously closed at $118.30.

iShares U.S. Utilities ETF Price Performance

The firm’s 50 day moving average is $117.17 and its 200 day moving average is $113.26. The company has a market capitalization of $1.60 billion, a PE ratio of 21.72 and a beta of 0.66.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IDU. Strive Financial Group LLC purchased a new position in iShares U.S. Utilities ETF during the 4th quarter valued at $30,000. Arax Advisory Partners purchased a new position in iShares U.S. Utilities ETF during the 4th quarter valued at $31,000. BOKF NA purchased a new position in iShares U.S. Utilities ETF during the 3rd quarter valued at $35,000. Fifth Third Bancorp purchased a new position in iShares U.S. Utilities ETF during the 3rd quarter valued at $39,000. Finally, Rice Partnership LLC purchased a new position in iShares U.S. Utilities ETF during the 3rd quarter valued at $40,000.

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.