Gimbal Financial bought a new position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) during the 3rd quarter, Holdings Channel reports. The firm bought 77,247 shares of the company’s stock, valued at approximately $7,957,000. iShares U.S. Utilities ETF accounts for about 5.2% of Gimbal Financial’s investment portfolio, making the stock its 6th largest holding.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in shares of iShares U.S. Utilities ETF in the 2nd quarter worth $29,000. Chris Bulman Inc bought a new stake in shares of iShares U.S. Utilities ETF during the second quarter worth $33,000. Strategic Investment Solutions Inc. IL bought a new stake in iShares U.S. Utilities ETF in the 2nd quarter valued at $62,000. Trilogy Capital Inc. acquired a new position in iShares U.S. Utilities ETF in the 3rd quarter worth $206,000. Finally, Rede Wealth LLC bought a new position in iShares U.S. Utilities ETF during the 3rd quarter worth about $212,000.
iShares U.S. Utilities ETF Trading Down 0.2 %
Shares of IDU stock traded down $0.18 on Wednesday, hitting $100.51. 5,000 shares of the stock were exchanged, compared to its average volume of 119,273. The business has a 50-day moving average of $100.02 and a 200 day moving average of $93.42. iShares U.S. Utilities ETF has a fifty-two week low of $73.89 and a fifty-two week high of $104.15. The firm has a market capitalization of $1.08 billion, a P/E ratio of 25.14 and a beta of 0.48.
iShares U.S. Utilities ETF Company 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.
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Want to see what other hedge funds are holding IDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report).
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