iShares U.S. Utilities ETF (NYSEARCA:IDU) Shares Sold by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC decreased its stake in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,552 shares of the company’s stock after selling 340 shares during the quarter. Forvis Mazars Wealth Advisors LLC owned approximately 0.08% of iShares U.S. Utilities ETF worth $823,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of IDU. New Wave Wealth Advisors LLC acquired a new stake in iShares U.S. Utilities ETF in the 4th quarter worth about $117,000. Vertex Planning Partners LLC acquired a new stake in shares of iShares U.S. Utilities ETF in the third quarter worth approximately $211,000. Hilltop Holdings Inc. acquired a new stake in shares of iShares U.S. Utilities ETF in the third quarter worth approximately $224,000. REDW Wealth LLC purchased a new stake in shares of iShares U.S. Utilities ETF during the third quarter worth approximately $228,000. Finally, TPG Advisors LLC acquired a new position in iShares U.S. Utilities ETF in the 3rd quarter valued at $229,000.

iShares U.S. Utilities ETF Stock Performance

Shares of IDU stock opened at $102.60 on Monday. iShares U.S. Utilities ETF has a fifty-two week low of $78.07 and a fifty-two week high of $106.16. The stock’s fifty day moving average is $98.72 and its two-hundred day moving average is $99.55. The firm has a market capitalization of $1.10 billion, a P/E ratio of 25.14 and a beta of 0.48.

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.