iShares U.S. Utilities ETF (NYSEARCA:IDU) Sees Unusually-High Trading Volume – Time to Buy?

iShares U.S. Utilities ETF (NYSEARCA:IDU) shares saw unusually-high trading volume on Thursday . Approximately 252,041 shares changed hands during trading, an increase of 118% from the previous session’s volume of 115,494 shares.The stock last traded at $96.81 and had previously closed at $96.21.

iShares U.S. Utilities ETF Price Performance

The stock has a market cap of $1.04 billion, a PE ratio of 25.14 and a beta of 0.48. The firm has a 50 day moving average of $100.23 and a two-hundred day moving average of $97.05.

Institutional Trading of iShares U.S. Utilities ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in shares of iShares U.S. Utilities ETF during the second quarter worth about $29,000. Chris Bulman Inc purchased a new position in shares of iShares U.S. Utilities ETF in the 2nd quarter valued at approximately $33,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of iShares U.S. Utilities ETF in the second quarter valued at approximately $62,000. Trilogy Capital Inc. purchased a new stake in shares of iShares U.S. Utilities ETF during the third quarter worth approximately $206,000. Finally, Vertex Planning Partners LLC acquired a new stake in shares of iShares U.S. Utilities ETF during the third quarter worth $211,000.

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.