Country Club Bank cut its position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) by 4.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 60,365 shares of the company’s stock after selling 2,912 shares during the period. Country Club Bank’s holdings in iShares U.S. Utilities ETF were worth $5,813,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Truist Financial Corp grew its position in iShares U.S. Utilities ETF by 3.5% during the 2nd quarter. Truist Financial Corp now owns 41,266 shares of the company’s stock worth $3,626,000 after acquiring an additional 1,405 shares during the last quarter. Cetera Investment Advisers grew its position in iShares U.S. Utilities ETF by 23.5% during the 2nd quarter. Cetera Investment Advisers now owns 26,551 shares of the company’s stock worth $2,333,000 after acquiring an additional 5,052 shares during the last quarter. Callan Family Office LLC bought a new position in iShares U.S. Utilities ETF during the 3rd quarter worth approximately $214,000. WealthCare Investment Partners LLC bought a new position in iShares U.S. Utilities ETF during the 3rd quarter worth approximately $361,000. Finally, Independence Bank of Kentucky grew its position in iShares U.S. Utilities ETF by 2.3% during the 3rd quarter. Independence Bank of Kentucky now owns 6,979 shares of the company’s stock worth $712,000 after acquiring an additional 160 shares during the last quarter.
iShares U.S. Utilities ETF Price Performance
IDU opened at $99.29 on Wednesday. The stock’s 50 day simple moving average is $98.88 and its 200 day simple moving average is $98.71. iShares U.S. Utilities ETF has a 1 year low of $75.93 and a 1 year high of $106.16. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48.
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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