Navellier & Associates Inc. Grows Stock Position in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Navellier & Associates Inc. boosted its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 17.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,370 shares of the company’s stock after acquiring an additional 1,563 shares during the quarter. Navellier & Associates Inc. owned about 0.10% of iShares U.S. Utilities ETF worth $998,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of IDU. Apollon Wealth Management LLC increased its position in shares of iShares U.S. Utilities ETF by 1,289.0% in the third quarter. Apollon Wealth Management LLC now owns 132,123 shares of the company’s stock valued at $13,479,000 after buying an additional 122,611 shares in the last quarter. Gimbal Financial purchased a new stake in iShares U.S. Utilities ETF in the 3rd quarter valued at about $7,957,000. Second Half Financial Partners LLC purchased a new stake in iShares U.S. Utilities ETF in the 3rd quarter valued at about $6,398,000. Crumly & Associates Inc. purchased a new stake in iShares U.S. Utilities ETF in the 3rd quarter valued at about $4,137,000. Finally, Bensler LLC grew its holdings in shares of iShares U.S. Utilities ETF by 19.7% during the 3rd quarter. Bensler LLC now owns 225,859 shares of the company’s stock worth $23,042,000 after purchasing an additional 37,200 shares during the period.

iShares U.S. Utilities ETF Stock Performance

Shares of NYSEARCA:IDU opened at $102.60 on Friday. The stock has a 50-day simple moving average of $98.72 and a 200-day simple moving average of $99.51. The stock has a market capitalization of $1.10 billion, a P/E ratio of 25.14 and a beta of 0.48. iShares U.S. Utilities ETF has a 1 year low of $78.07 and a 1 year high of $106.16.

iShares U.S. Utilities ETF 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.