Summit Financial Consulting LLC Purchases 6,100 Shares of iShares U.S. Utilities ETF $IDU

Summit Financial Consulting LLC raised its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 11.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,033 shares of the company’s stock after acquiring an additional 6,100 shares during the quarter. iShares U.S. Utilities ETF comprises approximately 5.2% of Summit Financial Consulting LLC’s holdings, making the stock its 10th largest position. Summit Financial Consulting LLC owned about 0.44% of iShares U.S. Utilities ETF worth $6,547,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Elevation Point Wealth Partners LLC acquired a new stake in shares of iShares U.S. Utilities ETF in the 2nd quarter valued at $25,000. Hilltop National Bank bought a new position in shares of iShares U.S. Utilities ETF in the second quarter valued at approximately $38,000. Assetmark Inc. acquired a new stake in shares of iShares U.S. Utilities ETF in the second quarter worth $41,000. Sound Income Strategies LLC boosted its holdings in shares of iShares U.S. Utilities ETF by 87.1% during the 3rd quarter. Sound Income Strategies LLC now owns 434 shares of the company’s stock worth $50,000 after buying an additional 202 shares during the period. Finally, Rise Advisors LLC grew its stake in iShares U.S. Utilities ETF by 15.6% in the 1st quarter. Rise Advisors LLC now owns 1,133 shares of the company’s stock valued at $115,000 after buying an additional 153 shares during the last quarter.

iShares U.S. Utilities ETF Price Performance

Shares of IDU opened at $108.25 on Wednesday. The company has a market capitalization of $1.46 billion, a PE ratio of 21.72 and a beta of 0.61. iShares U.S. Utilities ETF has a one year low of $91.91 and a one year high of $117.74. The company’s fifty day moving average price is $111.71 and its 200 day moving average price is $109.13.

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.