EWG Elevate Inc. Acquires Shares of 20,540 iShares U.S. Utilities ETF (NYSEARCA:IDU)

EWG Elevate Inc. acquired a new stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,540 shares of the company’s stock, valued at approximately $1,805,000. EWG Elevate Inc. owned 0.19% of iShares U.S. Utilities ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sharp Financial Services LLC bought a new position in shares of iShares U.S. Utilities ETF in the second quarter worth $3,514,000. Connectus Wealth LLC bought a new position in shares of iShares U.S. Utilities ETF in the fourth quarter worth $2,869,000. International Assets Investment Management LLC bought a new position in shares of iShares U.S. Utilities ETF in the fourth quarter worth $2,101,000. Lincoln National Corp boosted its holdings in shares of iShares U.S. Utilities ETF by 344.1% in the fourth quarter. Lincoln National Corp now owns 17,350 shares of the company’s stock worth $1,387,000 after acquiring an additional 13,443 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of iShares U.S. Utilities ETF by 155.1% in the first quarter. Cetera Investment Advisers now owns 21,499 shares of the company’s stock worth $1,817,000 after acquiring an additional 13,070 shares during the period.

iShares U.S. Utilities ETF Price Performance

Shares of iShares U.S. Utilities ETF stock traded up $0.50 during trading hours on Tuesday, reaching $94.50. The company had a trading volume of 48,704 shares, compared to its average volume of 125,074. iShares U.S. Utilities ETF has a one year low of $68.87 and a one year high of $96.09. The business has a fifty day simple moving average of $90.30 and a 200 day simple moving average of $86.12. The firm has a market cap of $1.02 billion, a PE ratio of 25.14 and a beta of 0.48.

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.