Cetera Investment Advisers Acquires 6,586 Shares of iShares U.S. Utilities ETF $IDU

Cetera Investment Advisers raised its stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 10.7% in the first quarter, Holdings Channel.com reports. The firm owned 68,169 shares of the company’s stock after buying an additional 6,586 shares during the period. Cetera Investment Advisers’ holdings in iShares U.S. Utilities ETF were worth $7,915,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Hsbc Holdings PLC lifted its holdings in shares of iShares U.S. Utilities ETF by 24,187.0% in the fourth quarter. Hsbc Holdings PLC now owns 728,611 shares of the company’s stock valued at $78,952,000 after purchasing an additional 725,611 shares in the last quarter. Bank of America Corp DE boosted 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 valued at $98,118,000 after buying an additional 439,316 shares during the last quarter. Camarda Financial Advisors LLC bought a new stake in iShares U.S. Utilities ETF during the second quarter worth $13,327,000. Goldman Sachs Group Inc. grew its holdings in iShares U.S. Utilities ETF by 629.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 127,535 shares of the company’s stock worth $13,820,000 after buying an additional 110,043 shares in the last quarter. Finally, Corient Private Wealth LLC grew its holdings in iShares U.S. Utilities ETF by 3,828.9% during the fourth quarter. Corient Private Wealth LLC now owns 80,935 shares of the company’s stock worth $8,770,000 after buying an additional 78,875 shares in the last quarter.

iShares U.S. Utilities ETF Trading Down 0.6%

NYSEARCA IDU opened at $112.39 on Friday. The business has a fifty day simple moving average of $113.88 and a 200 day simple moving average of $114.46. iShares U.S. Utilities ETF has a 12 month low of $105.06 and a 12 month high of $120.82. The firm has a market capitalization of $1.35 billion, a P/E ratio of 21.72 and a beta of 0.58.

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. Its components primarily include utilities companies. BlackRock Fund Advisors acts as an investment adviser of the Fund.