Lbmc Investment Advisors LLC Has $11.80 Million Stock Position in iShares U.S. Utilities ETF $IDU

Lbmc Investment Advisors LLC reduced its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,844 shares of the company’s stock after selling 983 shares during the quarter. iShares U.S. Utilities ETF accounts for about 0.8% of Lbmc Investment Advisors LLC’s holdings, making the stock its 22nd biggest position. Lbmc Investment Advisors LLC owned approximately 0.85% of iShares U.S. Utilities ETF worth $11,800,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Oppenheimer & Co. Inc. grew its holdings in shares of iShares U.S. Utilities ETF by 2.1% during the first quarter. Oppenheimer & Co. Inc. now owns 5,122 shares of the company’s stock valued at $519,000 after buying an additional 104 shares during the last quarter. Rise Advisors LLC grew its holdings in shares of iShares U.S. Utilities ETF by 12.4% during the second quarter. Rise Advisors LLC now owns 1,274 shares of the company’s stock valued at $133,000 after buying an additional 141 shares during the last quarter. Sharkey Howes & Javer grew its holdings in shares of iShares U.S. Utilities ETF by 1.0% during the first quarter. Sharkey Howes & Javer now owns 15,484 shares of the company’s stock valued at $1,570,000 after buying an additional 157 shares during the last quarter. Johnson Investment Counsel Inc. grew its holdings in shares of iShares U.S. Utilities ETF by 7.2% during the first quarter. Johnson Investment Counsel Inc. now owns 2,523 shares of the company’s stock valued at $256,000 after buying an additional 170 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of iShares U.S. Utilities ETF by 12.4% during the first quarter. US Bancorp DE now owns 1,737 shares of the company’s stock valued at $176,000 after buying an additional 191 shares during the last quarter.

iShares U.S. Utilities ETF Price Performance

Shares of NYSEARCA IDU opened at $106.36 on Wednesday. The stock has a market capitalization of $1.46 billion, a P/E ratio of 21.72 and a beta of 0.53. The company has a 50-day moving average price of $107.97 and a 200-day moving average price of $103.99. iShares U.S. Utilities ETF has a 1 year low of $91.91 and a 1 year high of $111.38.

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.