iShares U.S. Utilities ETF (NYSEARCA:IDU) Sees Large Volume Increase

Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) saw unusually-strong trading volume on Tuesday . Approximately 50,338 shares traded hands during trading, an increase of 10% from the previous session’s volume of 45,955 shares.The stock last traded at $80.79 and had previously closed at $81.88.

iShares U.S. Utilities ETF Price Performance

The company has a market capitalization of $871.93 million, a P/E ratio of 22.50 and a beta of 0.53. The stock has a 50-day moving average price of $81.04 and a 200-day moving average price of $78.60.

Hedge Funds Weigh In On iShares U.S. Utilities ETF

A number of hedge funds have recently made changes to their positions in the stock. Retirement Planning Group LLC increased its holdings in iShares U.S. Utilities ETF by 6.7% in the first quarter. Retirement Planning Group LLC now owns 2,670 shares of the company’s stock worth $226,000 after purchasing an additional 167 shares in the last quarter. Royal Fund Management LLC increased its holdings in iShares U.S. Utilities ETF by 12.3% in the first quarter. Royal Fund Management LLC now owns 21,115 shares of the company’s stock worth $1,789,000 after purchasing an additional 2,312 shares in the last quarter. Mather Group LLC. bought a new stake in iShares U.S. Utilities ETF in the first quarter worth approximately $59,000. ICA Group Wealth Management LLC bought a new stake in iShares U.S. Utilities ETF in the fourth quarter worth approximately $25,000. Finally, Harbour Investments Inc. increased its holdings in iShares U.S. Utilities ETF by 64.8% in the fourth quarter. Harbour Investments Inc. now owns 595 shares of the company’s stock worth $48,000 after purchasing an additional 234 shares in the last quarter.

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.