Schnieders Capital Management LLC Acquires 1,300 Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU)

Schnieders Capital Management LLC raised its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 33.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,200 shares of the company’s stock after buying an additional 1,300 shares during the quarter. Schnieders Capital Management LLC’s holdings in iShares U.S. Utilities ETF were worth $416,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC boosted its position in shares of iShares U.S. Utilities ETF by 29.0% during the third quarter. Laurel Wealth Advisors LLC now owns 668 shares of the company’s stock valued at $49,000 after purchasing an additional 150 shares in the last quarter. Madden Advisory Services Inc. boosted its position in shares of iShares U.S. Utilities ETF by 3.6% during the third quarter. Madden Advisory Services Inc. now owns 4,357 shares of the company’s stock valued at $321,000 after purchasing an additional 153 shares in the last quarter. Great Lakes Advisors LLC boosted its position in shares of iShares U.S. Utilities ETF by 1.1% during the third quarter. Great Lakes Advisors LLC now owns 15,975 shares of the company’s stock valued at $1,175,000 after purchasing an additional 169 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of iShares U.S. Utilities ETF by 4.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 5,524 shares of the company’s stock valued at $441,000 after purchasing an additional 213 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its position in shares of iShares U.S. Utilities ETF by 2.9% during the fourth quarter. Capital Investment Advisors LLC now owns 8,121 shares of the company’s stock valued at $649,000 after purchasing an additional 231 shares in the last quarter.

iShares U.S. Utilities ETF Trading Up 0.6 %

NYSEARCA:IDU traded up $0.47 during trading hours on Wednesday, reaching $85.58. 54,344 shares of the company traded hands, compared to its average volume of 45,674. The business’s 50-day moving average price is $81.80 and its two-hundred day moving average price is $79.10. The stock has a market capitalization of $890.03 million, a P/E ratio of 23.49 and a beta of 0.48. iShares U.S. Utilities ETF has a 1 year low of $68.87 and a 1 year high of $86.54.

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.