Hsbc Holdings PLC increased its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) by 24,187.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 728,611 shares of the company’s stock after purchasing an additional 725,611 shares during the quarter. Hsbc Holdings PLC owned approximately 5.90% of iShares U.S. Utilities ETF worth $78,952,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in IDU. Strive Financial Group LLC acquired a new position in iShares U.S. Utilities ETF in the fourth quarter valued at approximately $30,000. Arax Advisory Partners purchased a new stake in shares of iShares U.S. Utilities ETF during the 4th quarter worth approximately $31,000. BOKF NA purchased a new stake in shares of iShares U.S. Utilities ETF during the 3rd quarter worth approximately $35,000. Fifth Third Bancorp acquired a new position in shares of iShares U.S. Utilities ETF in the 3rd quarter valued at $39,000. Finally, Rice Partnership LLC acquired a new position in shares of iShares U.S. Utilities ETF in the 3rd quarter valued at $40,000.
iShares U.S. Utilities ETF Price Performance
NYSEARCA IDU opened at $112.97 on Tuesday. The firm’s fifty day moving average price is $113.79 and its 200 day moving average price is $113.15. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 21.72 and a beta of 0.58. iShares U.S. Utilities ETF has a 12 month low of $102.91 and a 12 month high of $120.82.
About iShares U.S. Utilities ETF
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.
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