Wealthstar Advisors LLC Boosts Position in iShares U.S. Utilities ETF $IDU

Wealthstar Advisors LLC boosted its position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 31.8% during the fourth quarter, Holdings Channel reports. The firm owned 24,666 shares of the company’s stock after buying an additional 5,946 shares during the quarter. iShares U.S. Utilities ETF comprises approximately 1.2% of Wealthstar Advisors LLC’s holdings, making the stock its 12th biggest position. Wealthstar Advisors LLC’s holdings in iShares U.S. Utilities ETF were worth $2,673,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE boosted its position in iShares U.S. Utilities ETF by 5.5% during the third quarter. Bank of America Corp DE now owns 989,938 shares of the company’s stock worth $109,784,000 after purchasing an additional 51,642 shares in the last quarter. Pinkerton Wealth LLC purchased a new stake in iShares U.S. Utilities ETF during the third quarter worth $37,467,000. Sherman Porfolios LLC purchased a new stake in iShares U.S. Utilities ETF during the third quarter worth $25,699,000. Raymond James Financial Inc. boosted its position in iShares U.S. Utilities ETF by 4.0% during the third quarter. Raymond James Financial Inc. now owns 213,408 shares of the company’s stock worth $23,667,000 after purchasing an additional 8,273 shares in the last quarter. Finally, Cresset Asset Management LLC purchased a new stake in iShares U.S. Utilities ETF during the third quarter worth $18,800,000.

iShares U.S. Utilities ETF Stock Performance

IDU opened at $116.67 on Tuesday. The business’s fifty day moving average is $117.15 and its two-hundred day moving average is $113.19. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 21.72 and a beta of 0.66. iShares U.S. Utilities ETF has a one year low of $100.00 and a one year high of $120.82.

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.