iShares U.S. Utilities ETF $IDU Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 3.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,796 shares of the company’s stock after selling 945 shares during the period. PNC Financial Services Group Inc. owned approximately 0.20% of iShares U.S. Utilities ETF worth $2,802,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Hsbc Holdings PLC purchased a new position in iShares U.S. Utilities ETF in the 1st quarter worth about $64,411,000. LPL Financial LLC boosted its holdings in shares of iShares U.S. Utilities ETF by 6.6% in the first quarter. LPL Financial LLC now owns 257,854 shares of the company’s stock worth $26,152,000 after buying an additional 15,995 shares during the period. Envestnet Asset Management Inc. increased its position in shares of iShares U.S. Utilities ETF by 27.2% in the second quarter. Envestnet Asset Management Inc. now owns 94,858 shares of the company’s stock worth $9,919,000 after acquiring an additional 20,281 shares in the last quarter. Jones Financial Companies Lllp raised its holdings 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 acquiring an additional 75,864 shares during the period. Finally, AE Wealth Management LLC lifted its position in shares of iShares U.S. Utilities ETF by 97.0% in the 2nd quarter. AE Wealth Management LLC now owns 81,696 shares of the company’s stock valued at $8,543,000 after acquiring an additional 40,231 shares in the last quarter.

iShares U.S. Utilities ETF Stock Down 0.2%

IDU stock opened at $112.34 on Wednesday. The company has a 50 day moving average of $111.92 and a two-hundred day moving average of $108.05. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 21.72 and a beta of 0.61. iShares U.S. Utilities ETF has a 12-month low of $91.91 and a 12-month high of $117.74.

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.