iShares U.S. Utilities ETF (NYSEARCA:IDU) Hits New 1-Year High – Still a Buy?

iShares U.S. Utilities ETF (NYSEARCA:IDU) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $106.42 and last traded at $106.14, with a volume of 7978 shares trading hands. The stock had previously closed at $105.74.

iShares U.S. Utilities ETF Price Performance

The stock’s fifty day moving average price is $100.53 and its 200 day moving average price is $100.11. The stock has a market capitalization of $1.50 billion, a P/E ratio of 21.40 and a beta of 0.57.

Institutional Investors Weigh In On iShares U.S. Utilities ETF

Hedge funds have recently modified their holdings of the business. Gerber Kawasaki Wealth & Investment Management lifted its holdings in shares of iShares U.S. Utilities ETF by 1.6% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 6,405 shares of the company’s stock worth $616,000 after purchasing an additional 103 shares during the period. Oppenheimer & Co. Inc. boosted its stake in iShares U.S. Utilities ETF by 2.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 5,122 shares of the company’s stock worth $519,000 after purchasing an additional 104 shares during the last quarter. NewEdge Advisors LLC lifted its position in iShares U.S. Utilities ETF by 0.7% during the fourth quarter. NewEdge Advisors LLC now owns 20,998 shares of the company’s stock worth $2,020,000 after buying an additional 137 shares in the last quarter. Rise Advisors LLC grew its position in iShares U.S. Utilities ETF by 15.6% in the first quarter. Rise Advisors LLC now owns 1,133 shares of the company’s stock worth $115,000 after acquiring an additional 153 shares during the period. Finally, Sharkey Howes & Javer boosted its stake in iShares U.S. Utilities ETF by 1.0% during the first quarter. Sharkey Howes & Javer now owns 15,484 shares of the company’s stock worth $1,570,000 after buying an additional 157 shares during the period.

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.