PNC Financial Services Group Inc. lessened its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,108 shares of the company’s stock after selling 502 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.24% of iShares U.S. Utilities ETF worth $2,512,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC purchased a new position in shares of iShares U.S. Utilities ETF during the 4th quarter worth $117,000. Vertex Planning Partners LLC acquired a new position in shares of iShares U.S. Utilities ETF during the third quarter worth about $211,000. Hilltop Holdings Inc. acquired a new position in shares of iShares U.S. Utilities ETF during the third quarter worth about $224,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of iShares U.S. Utilities ETF during the fourth quarter worth about $228,000. Finally, Thrivent Financial for Lutherans acquired a new position in iShares U.S. Utilities ETF in the third quarter valued at approximately $240,000.
iShares U.S. Utilities ETF Stock Up 1.8 %
Shares of IDU opened at $100.93 on Friday. The stock has a 50 day moving average price of $99.77 and a 200 day moving average price of $100.01. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 21.58 and a beta of 0.61. iShares U.S. Utilities ETF has a 52-week low of $80.68 and a 52-week high of $106.16.
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.
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