iShares U.S. Utilities ETF (NYSEARCA:IDU) Sees Strong Trading Volume – Still a Buy?

Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) saw unusually-strong trading volume on Wednesday . Approximately 158,301 shares changed hands during trading, an increase of 2% from the previous session’s volume of 154,539 shares.The stock last traded at $117.96 and had previously closed at $118.39.

iShares U.S. Utilities ETF Stock Performance

The company’s 50-day moving average price is $114.13 and its 200 day moving average price is $111.84. The stock has a market capitalization of $1.45 billion, a P/E ratio of 21.72 and a beta of 0.61.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sovran Advisors LLC bought a new stake in iShares U.S. Utilities ETF during the 3rd quarter valued at approximately $920,000. Brendel Financial Advisors LLC bought a new position in iShares U.S. Utilities ETF in the 3rd quarter worth approximately $951,000. Commonwealth Equity Services LLC boosted its stake in iShares U.S. Utilities ETF by 9.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 118,733 shares of the company’s stock worth $13,167,000 after purchasing an additional 10,594 shares during the period. Osaic Holdings Inc. grew its holdings in iShares U.S. Utilities ETF by 72.0% during the 2nd quarter. Osaic Holdings Inc. now owns 87,941 shares of the company’s stock valued at $9,202,000 after buying an additional 36,800 shares in the last quarter. Finally, Lifestyle Asset Management Inc. purchased a new stake in iShares U.S. Utilities ETF during the 3rd quarter valued at approximately $1,631,000.

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