iShares U.S. Utilities ETF (NYSEARCA:IDU) Sets New 12-Month Low – Time to Sell?

iShares U.S. Utilities ETF (NYSEARCA:IDU) hit a new 52-week low on Tuesday . The stock traded as low as $105.45 and last traded at $105.65, with a volume of 1526 shares. The stock had previously closed at $107.94.

iShares U.S. Utilities ETF Stock Down 1.1%

The stock’s 50 day moving average price is $112.02 and its 200-day moving average price is $114.09. The stock has a market capitalization of $1.33 billion, a PE ratio of 21.72 and a beta of 0.57.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. NewEdge Advisors LLC grew its holdings in shares of iShares U.S. Utilities ETF by 12.2% during the second quarter. NewEdge Advisors LLC now owns 6,383 shares of the company’s stock valued at $732,000 after buying an additional 694 shares during the last quarter. Waverly Advisors LLC raised its stake in iShares U.S. Utilities ETF by 1.3% in the 2nd quarter. Waverly Advisors LLC now owns 18,043 shares of the company’s stock worth $2,068,000 after acquiring an additional 240 shares during the last quarter. Citadel Advisors LLC lifted its position in iShares U.S. Utilities ETF by 863.9% during the 2nd quarter. Citadel Advisors LLC now owns 20,771 shares of the company’s stock worth $2,381,000 after acquiring an additional 18,616 shares during the period. TD Waterhouse Canada Inc. lifted its position in iShares U.S. Utilities ETF by 155.1% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 8,055 shares of the company’s stock worth $911,000 after acquiring an additional 4,897 shares during the period. Finally, XML Financial LLC grew its stake in iShares U.S. Utilities ETF by 7.5% during the 2nd quarter. XML Financial LLC now owns 2,173 shares of the company’s stock valued at $249,000 after purchasing an additional 152 shares during the last quarter.

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.