Wealthstar Advisors LLC Sells 5,393 Shares of iShares U.S. Utilities ETF $IDU

Wealthstar Advisors LLC decreased its position in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 21.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,273 shares of the company’s stock after selling 5,393 shares during the period. iShares U.S. Utilities ETF accounts for 1.0% of Wealthstar Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. Wealthstar Advisors LLC’s holdings in iShares U.S. Utilities ETF were worth $2,238,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of IDU. Strive Financial Group LLC purchased a new position in shares of iShares U.S. Utilities ETF in the 4th quarter worth approximately $30,000. Arax Advisory Partners bought a new stake in shares of iShares U.S. Utilities ETF during the 4th quarter worth $31,000. BOKF NA bought a new stake in shares of iShares U.S. Utilities ETF during the 3rd quarter worth $35,000. IFP Advisors Inc boosted its holdings in shares of iShares U.S. Utilities ETF by 224.0% in the 3rd quarter. IFP Advisors Inc now owns 405 shares of the company’s stock worth $45,000 after buying an additional 280 shares during the last quarter. Finally, AlphaCore Capital LLC purchased a new position in shares of iShares U.S. Utilities ETF in the 4th quarter worth about $62,000.

iShares U.S. Utilities ETF Stock Performance

IDU opened at $115.75 on Friday. iShares U.S. Utilities ETF has a fifty-two week low of $102.91 and a fifty-two week high of $120.82. The firm has a 50-day moving average of $113.62 and a 200 day moving average of $113.51. The firm has a market cap of $1.41 billion, a P/E ratio of 21.72 and a beta of 0.58.

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.