Hsbc Holdings PLC decreased its position in iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) by 99.6% during the first quarter, HoldingsChannel reports. The firm owned 3,000 shares of the company’s stock after selling 725,611 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares U.S. Utilities ETF were worth $348,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of IDU. Strive Financial Group LLC acquired a new position in iShares U.S. Utilities ETF in the 4th quarter valued at $30,000. Arax Advisory Partners acquired a new position in iShares U.S. Utilities ETF during the 4th quarter worth $31,000. BOKF NA acquired a new position in iShares U.S. Utilities ETF during the 3rd quarter worth $35,000. IFP Advisors Inc lifted its position in iShares U.S. Utilities ETF by 224.0% during the 3rd quarter. IFP Advisors Inc now owns 405 shares of the company’s stock worth $45,000 after acquiring an additional 280 shares during the last quarter. Finally, AlphaCore Capital LLC bought a new stake in iShares U.S. Utilities ETF during the fourth quarter valued at about $62,000.
iShares U.S. Utilities ETF Stock Performance
Shares of NYSEARCA:IDU opened at $112.39 on Friday. The company has a market cap of $1.40 billion, a P/E ratio of 21.72 and a beta of 0.58. The stock’s 50-day moving average is $113.88 and its 200-day moving average is $114.46. iShares U.S. Utilities ETF has a 52-week low of $105.06 and a 52-week high of $120.82.
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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