Prospera Financial Services Inc trimmed its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) by 41.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 37,262 shares of the company’s stock after selling 25,844 shares during the quarter. Prospera Financial Services Inc’s holdings in iShares U.S. Utilities ETF were worth $4,038,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in IDU. Bank of America Corp DE boosted its stake in iShares U.S. Utilities ETF by 88.0% during the 2nd quarter. Bank of America Corp DE now owns 938,296 shares of the company’s stock valued at $98,118,000 after purchasing an additional 439,316 shares during the last quarter. Pinkerton Wealth LLC purchased a new stake in iShares U.S. Utilities ETF during the 3rd quarter valued at $37,467,000. Sherman Porfolios LLC purchased a new stake in iShares U.S. Utilities ETF during the 3rd quarter valued at $25,699,000. Cresset Asset Management LLC purchased a new stake in iShares U.S. Utilities ETF during the 3rd quarter valued at $18,800,000. Finally, Camarda Financial Advisors LLC purchased a new stake in iShares U.S. Utilities ETF during the 2nd quarter valued at $13,327,000.
iShares U.S. Utilities ETF Stock Performance
Shares of IDU opened at $114.48 on Tuesday. The business’s fifty day simple moving average is $115.62 and its two-hundred day simple moving average is $113.18. iShares U.S. Utilities ETF has a 12 month low of $102.22 and a 12 month high of $120.82. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 21.72 and a beta of 0.61.
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. Its components primarily include utilities companies. BlackRock Fund Advisors acts as an investment adviser of the Fund.
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