Pinkerton Wealth LLC Takes Position in iShares U.S. Utilities ETF $IDU

Pinkerton Wealth LLC purchased a new position in iShares U.S. Utilities ETF (NYSEARCA:IDU) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 337,842 shares of the company’s stock, valued at approximately $37,467,000. iShares U.S. Utilities ETF makes up about 4.0% of Pinkerton Wealth LLC’s holdings, making the stock its 8th biggest position.

Other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its holdings in iShares U.S. Utilities ETF by 27.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 94,858 shares of the company’s stock worth $9,919,000 after acquiring an additional 20,281 shares during the period. Assetmark Inc. bought a new position in iShares U.S. Utilities ETF in the 2nd quarter valued at $41,000. Modera Wealth Management LLC bought a new position in iShares U.S. Utilities ETF in the 2nd quarter valued at $206,000. AE Wealth Management LLC grew its position in shares of iShares U.S. Utilities ETF by 97.0% during the 2nd quarter. AE Wealth Management LLC now owns 81,696 shares of the company’s stock valued at $8,543,000 after purchasing an additional 40,231 shares in the last quarter. Finally, Midwest Trust Co purchased a new position in shares of iShares U.S. Utilities ETF during the 2nd quarter valued at $200,000.

iShares U.S. Utilities ETF Stock Performance

iShares U.S. Utilities ETF stock opened at $118.71 on Tuesday. iShares U.S. Utilities ETF has a fifty-two week low of $91.91 and a fifty-two week high of $120.82. The stock has a market cap of $1.47 billion, a P/E ratio of 21.72 and a beta of 0.61. The firm’s fifty day moving average price is $112.58 and its 200-day moving average price is $111.35.

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.