Navellier & Associates Inc. Makes New $898,000 Investment in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Navellier & Associates Inc. bought a new stake in iShares U.S. Utilities ETF (NYSEARCA:IDU) during the third quarter, Holdings Channel.com reports. The firm bought 8,807 shares of the company’s stock, valued at approximately $898,000.

Several other hedge funds also recently bought and sold shares of IDU. Independence Bank of Kentucky increased its position in iShares U.S. Utilities ETF by 2.3% during the third quarter. Independence Bank of Kentucky now owns 6,979 shares of the company’s stock worth $712,000 after buying an additional 160 shares during the period. Holderness Investments Co. boosted its stake in iShares U.S. Utilities ETF by 1.3% during the 2nd quarter. Holderness Investments Co. now owns 13,917 shares of the company’s stock valued at $1,223,000 after acquiring an additional 179 shares during the last quarter. HBW Advisory Services LLC raised its stake in iShares U.S. Utilities ETF by 4.1% during the third quarter. HBW Advisory Services LLC now owns 5,018 shares of the company’s stock worth $512,000 after acquiring an additional 197 shares during the period. Arkadios Wealth Advisors grew its stake in shares of iShares U.S. Utilities ETF by 5.1% in the second quarter. Arkadios Wealth Advisors now owns 4,317 shares of the company’s stock worth $379,000 after purchasing an additional 211 shares in the last quarter. Finally, Bellwether Advisors LLC lifted its holdings in shares of iShares U.S. Utilities ETF by 0.7% in the second quarter. Bellwether Advisors LLC now owns 35,344 shares of the company’s stock valued at $3,106,000 after buying an additional 249 shares during the period.

iShares U.S. Utilities ETF Stock Up 1.7 %

IDU opened at $104.03 on Friday. iShares U.S. Utilities ETF has a 12-month low of $75.93 and a 12-month high of $104.15. The firm has a market capitalization of $1.12 billion, a P/E ratio of 25.14 and a beta of 0.48. The stock has a fifty day moving average of $101.12 and a 200-day moving average of $95.11.

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.