Independent Solutions Wealth Management LLC Acquires New Position in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Independent Solutions Wealth Management LLC acquired a new stake in iShares U.S. Utilities ETF (NYSEARCA:IDU) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,384 shares of the company’s stock, valued at approximately $229,000.

A number of other hedge funds have also added to or reduced their stakes in IDU. Bensler LLC grew its stake in shares of iShares U.S. Utilities ETF by 7.6% during the fourth quarter. Bensler LLC now owns 243,010 shares of the company’s stock worth $23,380,000 after buying an additional 17,151 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of iShares U.S. Utilities ETF during the fourth quarter worth $18,143,000. Commonwealth Equity Services LLC grew its stake in shares of iShares U.S. Utilities ETF by 0.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 125,357 shares of the company’s stock worth $12,061,000 after buying an additional 1,047 shares during the last quarter. Norden Group LLC grew its stake in shares of iShares U.S. Utilities ETF by 5.9% during the fourth quarter. Norden Group LLC now owns 92,732 shares of the company’s stock worth $8,922,000 after buying an additional 5,194 shares during the last quarter. Finally, Townsquare Capital LLC grew its stake in shares of iShares U.S. Utilities ETF by 7.2% during the third quarter. Townsquare Capital LLC now owns 87,610 shares of the company’s stock worth $8,938,000 after buying an additional 5,894 shares during the last quarter.

iShares U.S. Utilities ETF Stock Performance

NYSEARCA IDU opened at $100.31 on Friday. The firm’s fifty day moving average price is $100.24 and its two-hundred day moving average price is $100.18. The stock has a market cap of $1.36 billion, a PE ratio of 21.12 and a beta of 0.61. iShares U.S. Utilities ETF has a fifty-two week low of $80.68 and a fifty-two week high of $106.16.

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.