Johnson Investment Counsel Inc. grew its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) by 24.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,133 shares of the company’s stock after buying an additional 610 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in iShares U.S. Utilities ETF were worth $328,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Hsbc Holdings PLC bought a new position in shares of iShares U.S. Utilities ETF during the first quarter valued at about $64,411,000. MinichMacGregor Wealth Management LLC bought a new position in shares of iShares U.S. Utilities ETF during the first quarter valued at about $11,476,000. Jones Financial Companies Lllp lifted its position in shares of iShares U.S. Utilities ETF by 509.8% during the first quarter. Jones Financial Companies Lllp now owns 90,746 shares of the company’s stock valued at $9,203,000 after purchasing an additional 75,864 shares in the last quarter. Summit Financial Consulting LLC bought a new position in shares of iShares U.S. Utilities ETF during the second quarter valued at about $5,535,000. Finally, CacheTech Inc. bought a new position in shares of iShares U.S. Utilities ETF during the first quarter valued at about $3,855,000.
iShares U.S. Utilities ETF Price Performance
IDU opened at $116.84 on Thursday. The company’s 50-day moving average is $109.70 and its 200 day moving average is $105.63. iShares U.S. Utilities ETF has a fifty-two week low of $91.91 and a fifty-two week high of $117.25. The firm has a market capitalization of $1.56 billion, a P/E ratio of 21.72 and a beta of 0.53.
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.
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