Mullooly Asset Management Inc. Reduces Stock Position in iShares U.S. Utilities ETF $IDU

Mullooly Asset Management Inc. reduced its position in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 13.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 7,972 shares of the company’s stock after selling 1,251 shares during the period. iShares U.S. Utilities ETF accounts for about 0.3% of Mullooly Asset Management Inc.’s holdings, making the stock its 21st biggest holding. Mullooly Asset Management Inc. owned 0.06% of iShares U.S. Utilities ETF worth $833,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of IDU. UMB Bank n.a. boosted its holdings in iShares U.S. Utilities ETF by 112.4% during the first quarter. UMB Bank n.a. now owns 1,200 shares of the company’s stock worth $122,000 after buying an additional 635 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of iShares U.S. Utilities ETF by 886.5% in the 1st quarter. Farther Finance Advisors LLC now owns 878 shares of the company’s stock worth $89,000 after purchasing an additional 789 shares during the period. CX Institutional purchased a new stake in shares of iShares U.S. Utilities ETF in the first quarter worth about $165,000. Laurel Wealth Advisors LLC increased its stake in iShares U.S. Utilities ETF by 34.5% during the 1st quarter. Laurel Wealth Advisors LLC now owns 900 shares of the company’s stock worth $91,000 after buying an additional 231 shares during the period. Finally, Grant Private Wealth Management Inc acquired a new position in iShares U.S. Utilities ETF in the first quarter worth about $424,000.

iShares U.S. Utilities ETF Stock Up 0.7%

Shares of NYSEARCA IDU opened at $114.80 on Thursday. The firm’s 50-day simple moving average is $109.17 and its 200 day simple moving average is $105.10. The stock has a market cap of $1.58 billion, a P/E ratio of 21.72 and a beta of 0.53. iShares U.S. Utilities ETF has a fifty-two week low of $91.91 and a fifty-two week high of $114.87.

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.