Laurel Wealth Advisors LLC Boosts Stake in iShares U.S. Utilities ETF $IDU

Laurel Wealth Advisors LLC increased its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 10,357.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,113 shares of the company’s stock after acquiring an additional 93,213 shares during the period. Laurel Wealth Advisors LLC owned approximately 0.68% of iShares U.S. Utilities ETF worth $9,841,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Hsbc Holdings PLC purchased a new stake in shares of iShares U.S. Utilities ETF during the 1st quarter worth $64,411,000. Jones Financial Companies Lllp boosted its holdings in 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 worth $9,203,000 after buying an additional 75,864 shares in the last quarter. Forte Asset Management LLC acquired a new position in iShares U.S. Utilities ETF during the second quarter worth about $7,162,000. Summit Financial Consulting LLC acquired a new position in iShares U.S. Utilities ETF during the second quarter worth about $5,535,000. Finally, Prospera Financial Services Inc increased its holdings in iShares U.S. Utilities ETF by 204.4% in the second quarter. Prospera Financial Services Inc now owns 66,362 shares of the company’s stock valued at $6,940,000 after buying an additional 44,563 shares in the last quarter.

iShares U.S. Utilities ETF Trading Up 1.3%

IDU stock opened at $113.56 on Thursday. The firm has a 50 day moving average of $112.44 and a 200-day moving average of $108.39. The company has a market cap of $1.53 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.

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.