Independence Bank of Kentucky Sells 145 Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU)

Independence Bank of Kentucky lessened its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,719 shares of the company’s stock after selling 145 shares during the quarter. Independence Bank of Kentucky’s holdings in iShares U.S. Utilities ETF were worth $681,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Capital A Wealth Management LLC bought a new position in shares of iShares U.S. Utilities ETF in the fourth quarter worth approximately $44,000. Picton Mahoney Asset Management purchased a new position in iShares U.S. Utilities ETF in the 4th quarter worth approximately $87,000. Tower Research Capital LLC TRC purchased a new position in iShares U.S. Utilities ETF in the 4th quarter worth approximately $175,000. O Shaughnessy Asset Management LLC bought a new position in shares of iShares U.S. Utilities ETF in the 4th quarter worth $193,000. Finally, 1492 Capital Management LLC bought a new position in shares of iShares U.S. Utilities ETF in the 4th quarter worth $210,000.

iShares U.S. Utilities ETF Stock Performance

iShares U.S. Utilities ETF stock opened at $104.35 on Friday. iShares U.S. Utilities ETF has a fifty-two week low of $87.03 and a fifty-two week high of $106.71. The stock has a market cap of $1.42 billion, a P/E ratio of 21.86 and a beta of 0.60. The firm’s fifty day moving average price is $101.69 and its 200-day moving average price is $100.52.

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.