Independence Bank of Kentucky Boosts Stock Position in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Independence Bank of Kentucky increased its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,979 shares of the company’s stock after buying an additional 160 shares during the period. Independence Bank of Kentucky owned about 0.06% of iShares U.S. Utilities ETF worth $712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Retirement Planning Group LLC boosted its stake in shares of iShares U.S. Utilities ETF by 6.7% in the first quarter. Retirement Planning Group LLC now owns 2,670 shares of the company’s stock worth $226,000 after acquiring an additional 167 shares during the last quarter. Holderness Investments Co. raised its position in shares of iShares U.S. Utilities ETF by 1.3% in the second quarter. Holderness Investments Co. now owns 13,917 shares of the company’s stock valued at $1,223,000 after buying an additional 179 shares during the last quarter. HBW Advisory Services LLC lifted its stake in shares of iShares U.S. Utilities ETF by 4.1% in the third quarter. HBW Advisory Services LLC now owns 5,018 shares of the company’s stock worth $512,000 after buying an additional 197 shares in the last quarter. Arkadios Wealth Advisors boosted its position in iShares U.S. Utilities ETF by 5.1% during the second quarter. Arkadios Wealth Advisors now owns 4,317 shares of the company’s stock worth $379,000 after acquiring an additional 211 shares during the last quarter. Finally, Bellwether Advisors LLC grew its stake in iShares U.S. Utilities ETF by 0.7% during the 2nd quarter. Bellwether Advisors LLC now owns 35,344 shares of the company’s stock valued at $3,106,000 after acquiring an additional 249 shares in the last quarter.

iShares U.S. Utilities ETF Trading Up 0.8 %

Shares of IDU stock opened at $100.42 on Friday. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48. The company’s 50-day moving average price is $97.97 and its 200-day moving average price is $91.72. iShares U.S. Utilities ETF has a twelve month low of $71.73 and a twelve month high of $103.41.

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.