iShares U.S. Utilities ETF (NYSEARCA:IDU – Get Free Report) saw strong trading volume on Thursday . 543,848 shares traded hands during mid-day trading, an increase of 144% from the previous session’s volume of 222,433 shares.The stock last traded at $99.94 and had previously closed at $99.61.
iShares U.S. Utilities ETF Stock Performance
The firm has a market cap of $1.08 billion, a PE ratio of 25.14 and a beta of 0.48. The firm has a fifty day simple moving average of $99.48 and a two-hundred day simple moving average of $98.16.
Hedge Funds Weigh In On iShares U.S. Utilities ETF
A number of large investors have recently made changes to their positions in the company. U.S. Capital Wealth Advisors LLC lifted its stake in shares of iShares U.S. Utilities ETF by 200.8% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 7,938 shares of the company’s stock worth $764,000 after acquiring an additional 5,299 shares during the last quarter. Clear Creek Financial Management LLC boosted its stake in shares of iShares U.S. Utilities ETF by 28.7% during the fourth quarter. Clear Creek Financial Management LLC now owns 15,437 shares of the company’s stock valued at $1,485,000 after purchasing an additional 3,443 shares during the period. Saxony Capital Management LLC grew its holdings in shares of iShares U.S. Utilities ETF by 7.4% in the fourth quarter. Saxony Capital Management LLC now owns 3,088 shares of the company’s stock worth $297,000 after purchasing an additional 212 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new position in iShares U.S. Utilities ETF in the 4th quarter worth about $117,000. Finally, FSA Investment Group LLC bought a new stake in iShares U.S. Utilities ETF during the 4th quarter valued at about $471,000.
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.
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