Envestnet Asset Management Inc. Acquires 5,472 Shares of iShares U.S. Utilities ETF $IDU

Envestnet Asset Management Inc. grew its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 5.8% in the third quarter, Holdings Channel reports. The institutional investor owned 100,330 shares of the company’s stock after acquiring an additional 5,472 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares U.S. Utilities ETF were worth $11,127,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of iShares U.S. Utilities ETF by 88.0% in the 2nd 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. PGIM Custom Harvest LLC boosted its stake in iShares U.S. Utilities ETF by 1.0% during the 2nd quarter. PGIM Custom Harvest LLC now owns 459,832 shares of the company’s stock valued at $48,085,000 after purchasing an additional 4,412 shares during the last quarter. Raymond James Financial Inc. increased its holdings in iShares U.S. Utilities ETF by 8.6% during the 2nd quarter. Raymond James Financial Inc. now owns 205,135 shares of the company’s stock worth $21,451,000 after purchasing an additional 16,173 shares in the last quarter. Camarda Financial Advisors LLC purchased a new stake in shares of iShares U.S. Utilities ETF in the second quarter worth approximately $13,327,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of iShares U.S. Utilities ETF by 9.8% in the third quarter. Commonwealth Equity Services LLC now owns 118,733 shares of the company’s stock worth $13,167,000 after purchasing an additional 10,594 shares during the last quarter.

iShares U.S. Utilities ETF Stock Down 0.3%

IDU stock opened at $117.41 on Wednesday. The firm has a market capitalization of $1.45 billion, a PE ratio of 21.72 and a beta of 0.61. iShares U.S. Utilities ETF has a twelve month low of $91.91 and a twelve month high of $118.59. The stock’s 50 day moving average is $109.74 and its 200-day moving average is $110.47.

iShares U.S. Utilities ETF Company 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.