iShares U.S. Utilities ETF (NYSEARCA:IDU) Sets New 1-Year High at $88.00

Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) reached a new 52-week high on Monday . The company traded as high as $88.00 and last traded at $88.00, with a volume of 3092 shares traded. The stock had previously closed at $87.65.

iShares U.S. Utilities ETF Stock Up 1.0 %

The firm has a market cap of $925.91 million, a P/E ratio of 23.49 and a beta of 0.48. The business’s 50 day moving average is $83.39 and its 200-day moving average is $80.02.

Hedge Funds Weigh In On iShares U.S. Utilities ETF

Hedge funds have recently bought and sold shares of the company. ICA Group Wealth Management LLC bought a new stake in shares of iShares U.S. Utilities ETF in the 4th quarter worth approximately $25,000. Wetzel Investment Advisors Inc. acquired a new position in shares of iShares U.S. Utilities ETF during the fourth quarter valued at $41,000. Laurel Wealth Advisors LLC increased its holdings in shares of iShares U.S. Utilities ETF by 29.0% in the 3rd quarter. Laurel Wealth Advisors LLC now owns 668 shares of the company’s stock worth $49,000 after acquiring an additional 150 shares during the period. Mather Group LLC. bought a new stake in iShares U.S. Utilities ETF in the 1st quarter valued at about $59,000. Finally, Capital Analysts LLC bought a new position in iShares U.S. Utilities ETF during the 4th quarter valued at $72,000.

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.