Independent Financial Group LLC Purchases New Position in iShares U.S. Utilities ETF $IDU

Independent Financial Group LLC acquired a new position in iShares U.S. Utilities ETF (NYSEARCA:IDU) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 8,366 shares of the company’s stock, valued at approximately $971,000. Independent Financial Group LLC owned 0.06% of iShares U.S. Utilities ETF as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Apollon Wealth Management LLC purchased a new position in shares of iShares U.S. Utilities ETF during the 4th quarter worth approximately $631,000. Koshinski Asset Management Inc. purchased a new position in shares of iShares U.S. Utilities ETF in the 4th quarter valued at approximately $1,467,000. Buck Wealth Strategies LLC purchased a new position in shares of iShares U.S. Utilities ETF in the 4th quarter valued at approximately $853,000. Summit Financial Consulting LLC boosted its position in shares of iShares U.S. Utilities ETF by 10.9% during the fourth quarter. Summit Financial Consulting LLC now owns 65,479 shares of the company’s stock valued at $7,095,000 after purchasing an additional 6,446 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares U.S. Utilities ETF by 163.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 112,584 shares of the company’s stock valued at $12,200,000 after purchasing an additional 69,876 shares in the last quarter.

iShares U.S. Utilities ETF Trading Down 0.5%

IDU opened at $114.24 on Tuesday. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 21.72 and a beta of 0.58. The stock has a fifty day simple moving average of $113.49 and a two-hundred day simple moving average of $114.06. iShares U.S. Utilities ETF has a 12-month low of $105.06 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.