AE Wealth Management LLC lifted its stake in iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) by 17.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,948 shares of the company’s stock after purchasing an additional 14,252 shares during the quarter. AE Wealth Management LLC owned about 0.71% of iShares U.S. Utilities ETF worth $10,641,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Elevation Point Wealth Partners LLC purchased a new position in iShares U.S. Utilities ETF during the second quarter valued at $25,000. Hilltop National Bank bought a new position in shares of iShares U.S. Utilities ETF during the second quarter valued at $38,000. Assetmark Inc. purchased a new position in shares of iShares U.S. Utilities ETF in the 2nd quarter worth about $41,000. Sound Income Strategies LLC raised its position in shares of iShares U.S. Utilities ETF by 87.1% in the 3rd quarter. Sound Income Strategies LLC now owns 434 shares of the company’s stock worth $50,000 after purchasing an additional 202 shares during the last quarter. Finally, Davis Capital Management bought a new position in iShares U.S. Utilities ETF in the 3rd quarter worth about $52,000.
iShares U.S. Utilities ETF Stock Performance
NYSEARCA:IDU opened at $109.81 on Friday. The firm has a market cap of $1.44 billion, a P/E ratio of 21.72 and a beta of 0.61. iShares U.S. Utilities ETF has a fifty-two week low of $91.91 and a fifty-two week high of $117.74. The firm has a 50-day simple moving average of $109.42 and a two-hundred day simple moving average of $110.00.
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.
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