Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU – Get Free Report) saw strong trading volume on Thursday . 300,837 shares were traded during trading, an increase of 1% from the previous session’s volume of 296,424 shares.The stock last traded at $99.35 and had previously closed at $97.82.
iShares U.S. Utilities ETF Price Performance
The firm’s fifty day moving average is $99.08 and its two-hundred day moving average is $98.47. The firm has a market capitalization of $1.07 billion, a PE ratio of 25.14 and a beta of 0.48.
Hedge Funds Weigh In On iShares U.S. Utilities ETF
A number of hedge funds and other institutional investors have recently modified their holdings of IDU. Bensler LLC raised its position in iShares U.S. Utilities ETF by 7.6% in the fourth quarter. Bensler LLC now owns 243,010 shares of the company’s stock worth $23,380,000 after acquiring an additional 17,151 shares during the period. Apollon Wealth Management LLC increased its stake in shares of iShares U.S. Utilities ETF by 1,289.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 132,123 shares of the company’s stock worth $13,479,000 after purchasing an additional 122,611 shares during the last quarter. Townsquare Capital LLC raised its holdings in shares of 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 worth $8,938,000 after purchasing an additional 5,894 shares during the period. Moloney Securities Asset Management LLC lifted its stake in iShares U.S. Utilities ETF by 0.8% in the fourth quarter. Moloney Securities Asset Management LLC now owns 84,082 shares of the company’s stock valued at $8,089,000 after purchasing an additional 688 shares during the last quarter. Finally, Gimbal Financial bought a new position in iShares U.S. Utilities ETF during the third quarter valued at $7,957,000.
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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