5,407 Shares in iShares U.S. Utilities ETF $IDU Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. acquired a new position in iShares U.S. Utilities ETF (NYSEARCA:IDU) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 5,407 shares of the company’s stock, valued at approximately $545,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of IDU. Signaturefd LLC bought a new stake in iShares U.S. Utilities ETF during the third quarter valued at about $35,000. Western Wealth Management LLC acquired a new position in shares of iShares U.S. Utilities ETF during the 1st quarter worth about $38,000. Matrix Private Capital Group LLC bought a new stake in iShares U.S. Utilities ETF during the 1st quarter valued at approximately $46,000. Trust Co. of Vermont acquired a new position in shares of iShares U.S. Utilities ETF during the second quarter worth approximately $69,000. Finally, Assetmark Inc. lifted its holdings in shares of iShares U.S. Utilities ETF by 66.9% during the first quarter. Assetmark Inc. now owns 651 shares of the company’s stock worth $76,000 after buying an additional 261 shares during the last quarter.

iShares U.S. Utilities ETF Trading Down 0.6%

IDU opened at $110.81 on Friday. The business has a 50 day moving average of $106.63 and a 200-day moving average of $112.32. iShares U.S. Utilities ETF has a 1-year low of $100.00 and a 1-year high of $120.82. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 21.72 and a beta of 0.54.

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.