Westerkirk Capital Inc. Makes New Investment in iShares U.S. Utilities ETF $IDU

Westerkirk Capital Inc. acquired a new stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,780 shares of the company’s stock, valued at approximately $1,306,000. Westerkirk Capital Inc. owned approximately 0.09% of iShares U.S. Utilities ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Fifth Third Bancorp purchased a new position in iShares U.S. Utilities ETF in the 3rd quarter valued at about $39,000. PNC Financial Services Group Inc. increased its stake in iShares U.S. Utilities ETF by 0.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 26,971 shares of the company’s stock worth $2,991,000 after buying an additional 175 shares in the last quarter. Balboa Wealth Partners acquired a new position in shares of iShares U.S. Utilities ETF during the third quarter valued at approximately $2,855,000. Assetmark Inc. raised its holdings in shares of iShares U.S. Utilities ETF by 25.6% during the third quarter. Assetmark Inc. now owns 490 shares of the company’s stock valued at $54,000 after acquiring an additional 100 shares during the last quarter. Finally, Wedbush Securities Inc. purchased a new position in shares of iShares U.S. Utilities ETF in the third quarter valued at approximately $300,000.

iShares U.S. Utilities ETF Stock Performance

Shares of IDU opened at $117.14 on Friday. The stock has a 50 day moving average price of $110.22 and a 200 day moving average price of $110.60. iShares U.S. Utilities ETF has a one year low of $91.91 and a one year high of $118.59. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 21.72 and a beta of 0.61.

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. Its components primarily include utilities companies. BlackRock Fund Advisors acts as an investment adviser of the Fund.