MLP3 LLC acquired a new stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 9,770 shares of the company’s stock, valued at approximately $1,059,000. iShares U.S. Utilities ETF comprises 1.2% of MLP3 LLC’s portfolio, making the stock its 23rd largest position.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pinkerton Wealth LLC bought a new position in shares of iShares U.S. Utilities ETF during the third quarter valued at $37,467,000. Apollon Wealth Management LLC bought a new position in shares of iShares U.S. Utilities ETF during the fourth quarter valued at $631,000. Buck Wealth Strategies LLC bought a new position in shares of iShares U.S. Utilities ETF during the fourth quarter valued at $853,000. Envestnet Asset Management Inc. lifted its holdings in shares of iShares U.S. Utilities ETF by 5.8% during the third quarter. Envestnet Asset Management Inc. now owns 100,330 shares of the company’s stock valued at $11,127,000 after acquiring an additional 5,472 shares during the period. Finally, Koshinski Asset Management Inc. bought a new position in shares of iShares U.S. Utilities ETF during the fourth quarter valued at $1,467,000.
iShares U.S. Utilities ETF Stock Performance
Shares of NYSEARCA IDU opened at $112.58 on Monday. The stock has a market cap of $1.54 billion, a PE ratio of 21.72 and a beta of 0.58. The business has a fifty day moving average of $114.41 and a two-hundred day moving average of $113.16. iShares U.S. Utilities ETF has a 52-week low of $102.22 and a 52-week high of $120.82.
iShares U.S. Utilities ETF 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.
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