iShares U.S. Utilities ETF (NYSEARCA:IDU) Sees Strong Trading Volume – Should You Buy?

Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) saw unusually-high trading volume on Monday . Approximately 103,252 shares changed hands during mid-day trading, a decline of 30% from the previous session’s volume of 146,949 shares.The stock last traded at $100.81 and had previously closed at $100.27.

iShares U.S. Utilities ETF Trading Up 0.3 %

The firm’s 50 day simple moving average is $100.43 and its 200 day simple moving average is $100.30. The firm has a market cap of $1.36 billion, a PE ratio of 21.12 and a beta of 0.61.

Institutional Trading of iShares U.S. Utilities ETF

Large investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans purchased a new position in shares of iShares U.S. Utilities ETF in the third quarter valued at $240,000. Cerity Partners LLC grew its stake in shares of iShares U.S. Utilities ETF by 478.9% in the 3rd quarter. Cerity Partners LLC now owns 14,472 shares of the company’s stock worth $1,476,000 after buying an additional 11,972 shares in the last quarter. Glenmede Trust Co. NA bought a new stake in shares of iShares U.S. Utilities ETF in the 3rd quarter worth about $245,000. Captrust Financial Advisors lifted its holdings in shares of iShares U.S. Utilities ETF by 21.5% in the 3rd quarter. Captrust Financial Advisors now owns 6,250 shares of the company’s stock valued at $638,000 after acquiring an additional 1,107 shares during the last quarter. Finally, Flow Traders U.S. LLC grew its position in iShares U.S. Utilities ETF by 487.1% in the third quarter. Flow Traders U.S. LLC now owns 35,000 shares of the company’s stock worth $3,571,000 after acquiring an additional 29,039 shares in 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.