Arrien Investments Inc. Invests $7.17 Million in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Arrien Investments Inc. acquired a new stake in iShares U.S. Utilities ETF (NYSEARCA:IDU) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 71,552 shares of the company’s stock, valued at approximately $7,166,000. iShares U.S. Utilities ETF accounts for about 5.1% of Arrien Investments Inc.’s investment portfolio, making the stock its 7th largest holding. Arrien Investments Inc. owned approximately 0.67% of iShares U.S. Utilities ETF at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Bensler LLC boosted its position in iShares U.S. Utilities ETF by 7.6% during the 4th quarter. Bensler LLC now owns 243,010 shares of the company’s stock worth $23,380,000 after buying an additional 17,151 shares during the period. Raymond James Financial Inc. acquired a new position in shares of iShares U.S. Utilities ETF in the 4th quarter valued at about $18,143,000. Commonwealth Equity Services LLC boosted its holdings in shares of iShares U.S. Utilities ETF by 0.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 125,357 shares of the company’s stock worth $12,061,000 after buying an additional 1,047 shares in the last quarter. Norden Group LLC boosted its stake in iShares U.S. Utilities ETF by 5.9% during the fourth quarter. Norden Group LLC now owns 92,732 shares of the company’s stock worth $8,922,000 after acquiring an additional 5,194 shares in the last quarter. Finally, Townsquare Capital LLC boosted its position in shares of iShares U.S. Utilities ETF by 7.2% during the 3rd quarter. Townsquare Capital LLC now owns 87,610 shares of the company’s stock worth $8,938,000 after purchasing an additional 5,894 shares in the last quarter.

iShares U.S. Utilities ETF Trading Up 1.8 %

Shares of IDU stock opened at $100.93 on Monday. iShares U.S. Utilities ETF has a 12 month low of $80.68 and a 12 month high of $106.16. The firm has a market capitalization of $1.46 billion, a PE ratio of 21.58 and a beta of 0.61. The firm has a fifty day simple moving average of $99.84 and a two-hundred day simple moving average of $100.10.

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.