iShares U.S. Utilities ETF (NYSEARCA:IDU) Stock Position Raised by Picton Mahoney Asset Management

Picton Mahoney Asset Management boosted its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 128.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,300 shares of the company’s stock after acquiring an additional 2,420 shares during the period. Picton Mahoney Asset Management’s holdings in iShares U.S. Utilities ETF were worth $343,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IDU. Cambridge Investment Research Advisors Inc. grew its position in shares of iShares U.S. Utilities ETF by 3.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 23,944 shares of the company’s stock worth $1,762,000 after acquiring an additional 830 shares during the last quarter. Raymond James & Associates grew its position in iShares U.S. Utilities ETF by 55.9% in the 3rd quarter. Raymond James & Associates now owns 64,593 shares of the company’s stock worth $4,753,000 after purchasing an additional 23,160 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of iShares U.S. Utilities ETF by 77.6% in the third quarter. Stratos Wealth Partners LTD. now owns 5,501 shares of the company’s stock valued at $405,000 after purchasing an additional 2,403 shares during the period. Bellwether Advisors LLC bought a new stake in shares of iShares U.S. Utilities ETF during the third quarter valued at approximately $4,653,000. Finally, Great Lakes Advisors LLC boosted its position in shares of iShares U.S. Utilities ETF by 1.1% during the third quarter. Great Lakes Advisors LLC now owns 15,975 shares of the company’s stock worth $1,175,000 after buying an additional 169 shares during the period.

iShares U.S. Utilities ETF Price Performance

IDU opened at $89.77 on Thursday. The stock has a market cap of $965.03 million, a P/E ratio of 25.14 and a beta of 0.48. The stock’s 50 day moving average price is $83.59 and its 200 day moving average price is $80.08. iShares U.S. Utilities ETF has a 12 month low of $68.87 and a 12 month high of $89.83.

iShares U.S. Utilities ETF Company 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.