Wealthstar Advisors LLC Purchases 3,336 Shares of iShares U.S. Utilities ETF $IDU

Wealthstar Advisors LLC boosted its position in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 17.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,040 shares of the company’s stock after purchasing an additional 3,336 shares during the quarter. iShares U.S. Utilities ETF makes up approximately 0.9% of Wealthstar Advisors LLC’s investment portfolio, making the stock its 19th largest holding. Wealthstar Advisors LLC’s holdings in iShares U.S. Utilities ETF were worth $2,305,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in IDU. UMB Bank n.a. raised its holdings in iShares U.S. Utilities ETF by 112.4% in the first quarter. UMB Bank n.a. now owns 1,200 shares of the company’s stock worth $122,000 after purchasing an additional 635 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in iShares U.S. Utilities ETF by 886.5% in the first quarter. Farther Finance Advisors LLC now owns 878 shares of the company’s stock worth $89,000 after purchasing an additional 789 shares in the last quarter. CX Institutional bought a new position in iShares U.S. Utilities ETF in the first quarter worth about $165,000. Laurel Wealth Advisors LLC raised its holdings in iShares U.S. Utilities ETF by 34.5% in the first quarter. Laurel Wealth Advisors LLC now owns 900 shares of the company’s stock worth $91,000 after purchasing an additional 231 shares in the last quarter. Finally, Grant Private Wealth Management Inc bought a new position in iShares U.S. Utilities ETF in the first quarter worth about $424,000.

iShares U.S. Utilities ETF Stock Performance

Shares of iShares U.S. Utilities ETF stock opened at $114.41 on Friday. The company has a market capitalization of $1.54 billion, a PE ratio of 21.72 and a beta of 0.53. The company has a 50-day simple moving average of $109.27 and a two-hundred day simple moving average of $105.20. iShares U.S. Utilities ETF has a one year low of $91.91 and a one year high of $115.36.

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.