iShares U.S. Utilities ETF (NYSEARCA:IDU – Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $118.64 and last traded at $118.6140, with a volume of 39063 shares trading hands. The stock had previously closed at $117.86.
iShares U.S. Utilities ETF Trading Up 0.9%
The stock’s 50 day moving average is $110.39 and its 200 day moving average is $110.66. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 21.72 and a beta of 0.61.
Institutional Trading of iShares U.S. Utilities ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in iShares U.S. Utilities ETF by 88.0% in the 2nd quarter. Bank of America Corp DE now owns 938,296 shares of the company’s stock worth $98,118,000 after buying an additional 439,316 shares during the last quarter. Pinkerton Wealth LLC purchased a new position in shares of iShares U.S. Utilities ETF during the 3rd quarter worth about $37,467,000. Sherman Porfolios LLC acquired a new stake in shares of iShares U.S. Utilities ETF in the third quarter worth approximately $25,699,000. Cresset Asset Management LLC purchased a new stake in iShares U.S. Utilities ETF in the third quarter valued at approximately $18,800,000. Finally, Camarda Financial Advisors LLC acquired a new position in iShares U.S. Utilities ETF during the second quarter worth approximately $13,327,000.
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. Its components primarily include utilities companies. BlackRock Fund Advisors acts as an investment adviser of the Fund.
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