MinichMacGregor Wealth Management LLC boosted its stake in shares of iShares US Utilities ETF (NYSEARCA:IDU) by 6.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,937 shares of the company’s stock after acquiring an additional 4,693 shares during the quarter. iShares US Utilities ETF comprises about 8.5% of MinichMacGregor Wealth Management LLC’s investment portfolio, making the stock its biggest position. MinichMacGregor Wealth Management LLC’s holdings in iShares US Utilities ETF were worth $12,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Lakeview Capital Partners LLC boosted its position in shares of iShares US Utilities ETF by 50.9% during the second quarter. Lakeview Capital Partners LLC now owns 2,283 shares of the company’s stock valued at $344,000 after buying an additional 770 shares during the period. F3Logic LLC boosted its position in shares of iShares US Utilities ETF by 5.3% during the second quarter. F3Logic LLC now owns 16,112 shares of the company’s stock valued at $2,427,000 after buying an additional 817 shares during the period. Holderness Investments Co. boosted its position in shares of iShares US Utilities ETF by 1.2% during the second quarter. Holderness Investments Co. now owns 14,989 shares of the company’s stock valued at $2,260,000 after buying an additional 184 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of iShares US Utilities ETF by 12.0% during the second quarter. Envestnet Asset Management Inc. now owns 74,513 shares of the company’s stock valued at $11,236,000 after buying an additional 7,977 shares during the period. Finally, Sigma Planning Corp boosted its position in shares of iShares US Utilities ETF by 305.3% during the second quarter. Sigma Planning Corp now owns 33,942 shares of the company’s stock valued at $5,118,000 after buying an additional 25,568 shares during the period.

Shares of NYSEARCA:IDU traded up $0.69 during trading hours on Wednesday, hitting $155.99. 900 shares of the company’s stock traded hands, compared to its average volume of 78,186. iShares US Utilities ETF has a 1 year low of $128.78 and a 1 year high of $156.13. The business has a fifty day moving average price of $152.64 and a 200-day moving average price of $148.39.

iShares US 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.

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Institutional Ownership by Quarter for iShares US Utilities ETF (NYSEARCA:IDU)

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