iShares U.S. Utilities ETF (NYSEARCA:IDU) Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC trimmed its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,828 shares of the company’s stock after selling 479 shares during the period. Belpointe Asset Management LLC’s holdings in iShares U.S. Utilities ETF were worth $761,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IDU. Stifel Financial Corp lifted its holdings in shares of iShares U.S. Utilities ETF by 30.1% during the 3rd quarter. Stifel Financial Corp now owns 9,093 shares of the company’s stock valued at $928,000 after acquiring an additional 2,103 shares in the last quarter. Fulcrum Equity Management acquired a new position in shares of iShares U.S. Utilities ETF during the third quarter worth about $1,173,000. Sanctuary Advisors LLC purchased a new stake in shares of iShares U.S. Utilities ETF in the third quarter worth about $778,000. JPMorgan Chase & Co. grew its stake in shares of iShares U.S. Utilities ETF by 30.6% in the third quarter. JPMorgan Chase & Co. now owns 10,005 shares of the company’s stock valued at $1,021,000 after buying an additional 2,343 shares in the last quarter. Finally, CPR Investments Inc. purchased a new stake in shares of iShares U.S. Utilities ETF during the 4th quarter valued at about $2,373,000.

iShares U.S. Utilities ETF Stock Performance

iShares U.S. Utilities ETF stock opened at $100.11 on Wednesday. iShares U.S. Utilities ETF has a one year low of $80.68 and a one year high of $106.16. The stock’s 50 day moving average price is $100.05 and its 200 day moving average price is $100.11. The firm has a market capitalization of $1.40 billion, a PE ratio of 20.01 and a beta of 0.57.

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.