Koshinski Asset Management Inc. acquired a new position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,535 shares of the company’s stock, valued at approximately $1,467,000.
A number of other institutional investors and hedge funds have also made changes to their positions in IDU. Bank of America Corp DE grew its position in shares of iShares U.S. Utilities ETF by 88.0% during the second 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 in the last quarter. Pinkerton Wealth LLC acquired a new position in shares of iShares U.S. Utilities ETF during the third quarter worth about $37,467,000. Sherman Porfolios LLC acquired a new position in shares of iShares U.S. Utilities ETF during the third quarter worth about $25,699,000. Cresset Asset Management LLC acquired a new position in shares of iShares U.S. Utilities ETF during the third quarter worth about $18,800,000. Finally, Camarda Financial Advisors LLC acquired a new position in shares of iShares U.S. Utilities ETF during the second quarter worth about $13,327,000.
iShares U.S. Utilities ETF Stock Performance
Shares of iShares U.S. Utilities ETF stock opened at $112.84 on Friday. iShares U.S. Utilities ETF has a one year low of $100.33 and a one year high of $120.82. The company has a market cap of $1.55 billion, a PE ratio of 21.72 and a beta of 0.61. The business has a 50-day simple moving average of $117.01 and a 200-day simple moving average of $113.22.
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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