Financial Advocates Investment Management Buys New Shares in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Financial Advocates Investment Management purchased a new position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,534 shares of the company’s stock, valued at approximately $917,000. Financial Advocates Investment Management owned 0.09% of iShares U.S. Utilities ETF at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. New Wave Wealth Advisors LLC acquired a new position in shares of iShares U.S. Utilities ETF during the fourth quarter worth about $117,000. Trilogy Capital Inc. acquired a new position in iShares U.S. Utilities ETF during the 3rd quarter worth approximately $206,000. Vertex Planning Partners LLC purchased a new stake in shares of iShares U.S. Utilities ETF in the 3rd quarter valued at approximately $211,000. Rede Wealth LLC acquired a new stake in shares of iShares U.S. Utilities ETF in the 3rd quarter valued at $212,000. Finally, Keystone Wealth Services LLC purchased a new stake in shares of iShares U.S. Utilities ETF during the 3rd quarter worth $216,000.

iShares U.S. Utilities ETF Trading Down 0.2 %

Shares of IDU stock opened at $99.93 on Friday. The company has a market cap of $1.07 billion, a P/E ratio of 25.14 and a beta of 0.48. The firm has a fifty day moving average price of $98.67 and a 200 day moving average price of $98.73. iShares U.S. Utilities ETF has a 12 month low of $75.93 and a 12 month high of $106.16.

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.