iShares U.S. Utilities ETF (NYSEARCA:IDU) Sees Large Volume Increase – Here’s Why

Posted by Stacy Sanders on Feb 7th, 2025

iShares U.S. Utilities ETF (NYSEARCA:IDU – Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 295,682 shares were traded during mid-day trading, an increase of 13% from the previous session’s volume of 262,629 shares.The stock last traded at $100.00 and had previously closed at $99.29.

iShares U.S. Utilities ETF Price Performance

The company’s 50-day moving average price is $98.67 and its two-hundred day moving average price is $98.73. The company has a market capitalization of $1.07 billion, a P/E ratio of 25.14 and a beta of 0.48.

Hedge Funds Weigh In On iShares U.S. Utilities ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IDU. New Wave Wealth Advisors LLC bought a new position in iShares U.S. Utilities ETF in the 4th quarter valued at about $117,000. Trilogy Capital Inc. acquired a new stake in shares of iShares U.S. Utilities ETF during the 3rd quarter worth approximately $206,000. Vertex Planning Partners LLC bought a new position in iShares U.S. Utilities ETF in the third quarter valued at approximately $211,000. Rede Wealth LLC acquired a new position in iShares U.S. Utilities ETF during the third quarter valued at approximately $212,000. Finally, Keystone Wealth Services LLC bought a new stake in iShares U.S. Utilities ETF during the third quarter worth $216,000.

About iShares U.S. Utilities ETF

(Get Free Report)

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.