PKS Advisory Services LLC Purchases New Holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU)

PKS Advisory Services LLC purchased a new position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) during the 4th quarter, Holdings Channel.com reports. The fund purchased 2,696 shares of the company’s stock, valued at approximately $259,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in IDU. Bensler LLC grew its stake in shares of iShares U.S. Utilities ETF by 7.6% in the fourth quarter. Bensler LLC now owns 243,010 shares of the company’s stock valued at $23,380,000 after buying an additional 17,151 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of iShares U.S. Utilities ETF in the 4th quarter valued at about $18,143,000. Commonwealth Equity Services LLC increased its stake in shares of iShares U.S. Utilities ETF by 0.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 125,357 shares of the company’s stock worth $12,061,000 after purchasing an additional 1,047 shares during the last quarter. Norden Group LLC raised its holdings in shares of iShares U.S. Utilities ETF by 5.9% in the 4th quarter. Norden Group LLC now owns 92,732 shares of the company’s stock valued at $8,922,000 after purchasing an additional 5,194 shares during the period. Finally, Townsquare Capital LLC lifted its stake in iShares U.S. Utilities ETF by 7.2% in the 3rd quarter. Townsquare Capital LLC now owns 87,610 shares of the company’s stock valued at $8,938,000 after purchasing an additional 5,894 shares during the last quarter.

iShares U.S. Utilities ETF Stock Performance

iShares U.S. Utilities ETF stock opened at $98.94 on Wednesday. The stock has a 50-day simple moving average of $100.40 and a 200 day simple moving average of $100.26. The stock has a market capitalization of $1.34 billion, a P/E ratio of 21.12 and a beta of 0.61. iShares U.S. Utilities ETF has a 52 week low of $80.68 and a 52 week high of $106.16.

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.