iShares U.S. Utilities ETF (NYSEARCA:IDU – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $92.80 and last traded at $92.50, with a volume of 18076 shares traded. The stock had previously closed at $91.68.
iShares U.S. Utilities ETF Trading Up 1.2 %
The firm’s fifty day moving average price is $89.80 and its 200-day moving average price is $84.99. The company has a market cap of $997.82 million, a P/E ratio of 25.14 and a beta of 0.48.
Institutional Investors Weigh In On iShares U.S. Utilities ETF
Several institutional investors and hedge funds have recently made changes to their positions in the company. Bensler LLC lifted its holdings in iShares U.S. Utilities ETF by 2,672.0% during the 2nd quarter. Bensler LLC now owns 188,659 shares of the company’s stock worth $16,579,000 after buying an additional 181,853 shares in the last quarter. Moloney Securities Asset Management LLC acquired a new stake in iShares U.S. Utilities ETF during the 2nd quarter worth approximately $7,051,000. Brookstone Capital Management bought a new stake in iShares U.S. Utilities ETF in the 2nd quarter valued at $4,768,000. Concurrent Investment Advisors LLC bought a new position in shares of iShares U.S. Utilities ETF during the second quarter worth about $4,049,000. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of iShares U.S. Utilities ETF by 156.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 66,695 shares of the company’s stock valued at $5,861,000 after purchasing an additional 40,666 shares during the last quarter.
iShares U.S. Utilities ETF Company 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.
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