Kingswood Wealth Advisors LLC bought a new position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,421 shares of the company’s stock, valued at approximately $547,000.
Other large investors have also added to or reduced their stakes in the company. Signaturefd LLC bought a new position in iShares U.S. Utilities ETF in the third quarter valued at $35,000. Western Wealth Management LLC bought a new stake in iShares U.S. Utilities ETF during the 1st quarter worth about $38,000. Matrix Private Capital Group LLC bought a new stake in iShares U.S. Utilities ETF during the 1st quarter worth about $46,000. Trust Co. of Vermont acquired a new position in shares of iShares U.S. Utilities ETF during the 2nd quarter worth about $69,000. Finally, Assetmark Inc. boosted its stake in shares of iShares U.S. Utilities ETF by 66.9% during the 1st quarter. Assetmark Inc. now owns 651 shares of the company’s stock worth $76,000 after buying an additional 261 shares during the last quarter.
iShares U.S. Utilities ETF Price Performance
Shares of NYSEARCA IDU opened at $110.26 on Friday. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 21.72 and a beta of 0.56. The business has a 50-day moving average of $106.53 and a 200-day moving average of $112.28. iShares U.S. Utilities ETF has a fifty-two week low of $100.00 and a fifty-two week 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.
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