iShares U.S. Utilities ETF (NYSEARCA:IDU) Sees Unusually-High Trading Volume – Time to Buy?

iShares U.S. Utilities ETF (NYSEARCA:IDU) saw strong trading volume on Thursday . 794,259 shares traded hands during mid-day trading, an increase of 190% from the previous session’s volume of 273,780 shares.The stock last traded at $110.3910 and had previously closed at $110.31.

iShares U.S. Utilities ETF Trading Down 0.4%

The company has a market cap of $1.50 billion, a price-to-earnings ratio of 21.72 and a beta of 0.61. The stock’s fifty day simple moving average is $109.48 and its 200 day simple moving average is $109.97.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IDU. Elevation Point Wealth Partners LLC acquired a new position in shares of iShares U.S. Utilities ETF in the second quarter valued at approximately $25,000. BOKF NA acquired a new position in iShares U.S. Utilities ETF during the 3rd quarter valued at about $35,000. Fifth Third Bancorp acquired a new stake in shares of iShares U.S. Utilities ETF during the 3rd quarter valued at $39,000. Rice Partnership LLC purchased a new stake in iShares U.S. Utilities ETF in the 3rd quarter worth about $40,000. Finally, Hilltop National Bank bought a new stake in shares of iShares U.S. Utilities ETF in the 2nd quarter valued at approximately $38,000.

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. Its components primarily include utilities companies. BlackRock Fund Advisors acts as an investment adviser of the Fund.