Independent Financial Group LLC Makes New Investment in iShares U.S. Utilities ETF $IDU

Independent Financial Group LLC bought a new stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) during the 1st quarter, Holdings Channel reports. The firm bought 8,366 shares of the company’s stock, valued at approximately $971,000.

A number of other large investors have also recently made changes to their positions in the stock. Bank of America Corp DE raised its holdings in shares of iShares U.S. Utilities ETF by 5.5% during the third quarter. Bank of America Corp DE now owns 989,938 shares of the company’s stock valued at $109,784,000 after purchasing an additional 51,642 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in iShares U.S. Utilities ETF by 24,187.0% in the fourth quarter. Hsbc Holdings PLC now owns 728,611 shares of the company’s stock worth $78,952,000 after purchasing an additional 725,611 shares during the last quarter. LPL Financial LLC boosted its holdings in iShares U.S. Utilities ETF by 14.0% in the fourth quarter. LPL Financial LLC now owns 411,813 shares of the company’s stock worth $44,624,000 after purchasing an additional 50,692 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in iShares U.S. Utilities ETF by 6.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 404,651 shares of the company’s stock worth $43,848,000 after purchasing an additional 23,361 shares during the last quarter. Finally, Pinkerton Wealth LLC grew its position in iShares U.S. Utilities ETF by 8.6% in the 4th quarter. Pinkerton Wealth LLC now owns 366,993 shares of the company’s stock worth $39,767,000 after purchasing an additional 29,151 shares during the period.

iShares U.S. Utilities ETF Price Performance

IDU stock opened at $114.24 on Tuesday. The company has a market cap of $1.38 billion, a P/E ratio of 21.72 and a beta of 0.58. iShares U.S. Utilities ETF has a 1 year low of $105.06 and a 1 year high of $120.82. The stock’s fifty day moving average price is $113.49 and its 200-day moving average price is $114.06.

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.