iShares U.S. Utilities ETF (NYSEARCA:IDU) Reaches New 12-Month High – Should You Buy?

Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) reached a new 52-week high on Tuesday . The stock traded as high as $118.64 and last traded at $118.6140, with a volume of 39063 shares trading hands. The stock had previously closed at $117.86.

iShares U.S. Utilities ETF Stock Down 0.2%

The stock’s 50 day moving average is $110.83 and its two-hundred day moving average is $110.79. The company has a market capitalization of $1.47 billion, a PE ratio of 21.72 and a beta of 0.61.

Hedge Funds Weigh In On iShares U.S. Utilities ETF

Several institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its position in iShares U.S. Utilities ETF by 5.5% during the 3rd quarter. Bank of America Corp DE now owns 989,938 shares of the company’s stock valued at $109,784,000 after acquiring an additional 51,642 shares in the last quarter. PGIM Custom Harvest LLC lifted its stake in shares of iShares U.S. Utilities ETF by 1.0% during the 2nd quarter. PGIM Custom Harvest LLC now owns 459,832 shares of the company’s stock worth $48,085,000 after purchasing an additional 4,412 shares during the last quarter. LPL Financial LLC lifted its stake in shares of iShares U.S. Utilities ETF by 14.0% during the 4th quarter. LPL Financial LLC now owns 411,813 shares of the company’s stock worth $44,624,000 after purchasing an additional 50,692 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in iShares U.S. Utilities ETF by 6.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 404,651 shares of the company’s stock valued at $43,848,000 after purchasing an additional 23,361 shares in the last quarter. Finally, Pinkerton Wealth LLC grew its stake in iShares U.S. Utilities ETF by 8.6% in the fourth quarter. Pinkerton Wealth LLC now owns 366,993 shares of the company’s stock valued at $39,767,000 after purchasing an additional 29,151 shares during 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. Its components primarily include utilities companies. BlackRock Fund Advisors acts as an investment adviser of the Fund.