Sovran Advisors LLC Boosts Stake in iShares U.S. Utilities ETF $IDU

Sovran Advisors LLC lifted its position in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 134.5% in the first quarter, Holdings Channel reports. The firm owned 19,752 shares of the company’s stock after acquiring an additional 11,330 shares during the period. Sovran Advisors LLC’s holdings in iShares U.S. Utilities ETF were worth $2,337,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. 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 lifted its stake in 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 buying an additional 1,072 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of iShares U.S. Utilities ETF by 1.2% in the second quarter. NewEdge Advisors LLC now owns 20,855 shares of the company’s stock valued at $2,181,000 after acquiring an additional 244 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of iShares U.S. Utilities ETF by 58.2% in the second quarter. Quantinno Capital Management LP now owns 6,455 shares of the company’s stock valued at $675,000 after acquiring an additional 2,374 shares during the period. 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 $115.19 on Monday. The firm’s fifty day simple moving average is $113.48 and its 200-day simple moving average is $113.79. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 21.72 and a beta of 0.58. iShares U.S. Utilities ETF has a 12 month low of $104.09 and a 12 month high of $120.82.

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.