iShares U.S. Utilities ETF (NYSEARCA:IDU) Sees Large Volume Increase – What’s Next?

Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) saw an uptick in trading volume on Monday . 411,186 shares traded hands during trading, an increase of 176% from the previous session’s volume of 149,083 shares.The stock last traded at $111.3310 and had previously closed at $111.83.

iShares U.S. Utilities ETF Stock Up 0.0%

The company has a market cap of $1.50 billion, a P/E ratio of 21.72 and a beta of 0.61. The business has a fifty day moving average price of $110.80 and a 200-day moving average price of $107.11.

Institutional Investors Weigh In On iShares U.S. Utilities ETF

Several institutional investors have recently made changes to their positions in the stock. Garrison Point Advisors LLC boosted its stake in shares of iShares U.S. Utilities ETF by 1.5% in the second quarter. Garrison Point Advisors LLC now owns 6,948 shares of the company’s stock valued at $727,000 after buying an additional 100 shares during the period. Family Firm Inc. lifted its stake in shares of iShares U.S. Utilities ETF by 0.5% in the 2nd quarter. Family Firm Inc. now owns 22,364 shares of the company’s stock valued at $2,339,000 after acquiring an additional 116 shares during the last quarter. CWM LLC increased its holdings in iShares U.S. Utilities ETF by 17.9% in the third quarter. CWM LLC now owns 882 shares of the company’s stock valued at $98,000 after purchasing an additional 134 shares during the period. Brookstone Capital Management increased its holdings in iShares U.S. Utilities ETF by 4.1% in the third quarter. Brookstone Capital Management now owns 3,460 shares of the company’s stock valued at $384,000 after purchasing an additional 135 shares during the period. Finally, Rise Advisors LLC boosted its position in shares of iShares U.S. Utilities ETF by 12.4% during the 2nd quarter. Rise Advisors LLC now owns 1,274 shares of the company’s stock valued at $133,000 after purchasing an additional 141 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.