iShares U.S. Utilities ETF (NYSEARCA:IDU) Sees Large Volume Increase – Here’s What Happened

Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) saw unusually-high trading volume on Wednesday . Approximately 881,810 shares were traded during trading, an increase of 390% from the previous session’s volume of 179,949 shares.The stock last traded at $110.43 and had previously closed at $111.87.

iShares U.S. Utilities ETF Trading Up 0.6%

The company has a 50 day moving average of $113.68 and a 200-day moving average of $114.55. The firm has a market capitalization of $1.40 billion, a P/E ratio of 21.72 and a beta of 0.58.

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

Several institutional investors and hedge funds have recently modified their holdings of IDU. Gamco Investors INC. ET AL bought a new stake in iShares U.S. Utilities ETF in the 2nd quarter valued at about $269,000. Qube Research & Technologies Ltd increased its holdings in shares of iShares U.S. Utilities ETF by 99.8% during the second quarter. Qube Research & Technologies Ltd now owns 2,146 shares of the company’s stock worth $224,000 after purchasing an additional 1,072 shares during the period. NewEdge Advisors LLC increased its holdings in shares of iShares U.S. Utilities ETF by 1.2% during the second quarter. NewEdge Advisors LLC now owns 20,855 shares of the company’s stock worth $2,181,000 after purchasing an additional 244 shares during the period. Quantinno Capital Management LP raised its position in shares of iShares U.S. Utilities ETF by 58.2% in the second quarter. Quantinno Capital Management LP now owns 6,455 shares of the company’s stock valued at $675,000 after buying an additional 2,374 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of iShares U.S. Utilities ETF by 8.6% in the second quarter. Raymond James Financial Inc. now owns 205,135 shares of the company’s stock valued at $21,451,000 after buying an additional 16,173 shares in the last quarter.

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.