Evanson Financial LLC Takes $548,000 Position in iShares U.S. Utilities ETF $IDU

Evanson Financial LLC bought a new position in iShares U.S. Utilities ETF (NYSEARCA:IDU) during the second quarter, Holdings Channel reports. The firm bought 4,785 shares of the company’s stock, valued at approximately $548,000.

Other large investors have also added to or reduced their stakes in the company. Johnson Investment Counsel Inc. lifted its holdings in shares of iShares U.S. Utilities ETF by 3.1% during the 4th quarter. Johnson Investment Counsel Inc. now owns 3,283 shares of the company’s stock worth $356,000 after acquiring an additional 100 shares during the last quarter. IHT Wealth Management LLC increased its stake in iShares U.S. Utilities ETF by 5.8% in the fourth quarter. IHT Wealth Management LLC now owns 1,966 shares of the company’s stock valued at $213,000 after acquiring an additional 108 shares during the last quarter. Money Concepts Capital Corp increased its stake in iShares U.S. Utilities ETF by 3.3% in the fourth quarter. Money Concepts Capital Corp now owns 4,055 shares of the company’s stock valued at $439,000 after acquiring an additional 131 shares during the last quarter. Sei Investments Co. raised its position in iShares U.S. Utilities ETF by 2.7% during the first quarter. Sei Investments Co. now owns 6,355 shares of the company’s stock valued at $738,000 after purchasing an additional 167 shares in the last quarter. Finally, CacheTech Inc. raised its position in iShares U.S. Utilities ETF by 5.5% during the first quarter. CacheTech Inc. now owns 3,720 shares of the company’s stock valued at $432,000 after purchasing an additional 194 shares in the last quarter.

iShares U.S. Utilities ETF Stock Up 0.6%

Shares of IDU stock opened at $110.95 on Friday. The business has a 50-day moving average price of $113.66 and a two-hundred day moving average price of $114.53. 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 cap of $1.40 billion, a P/E ratio of 21.72 and a beta of 0.58.

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.