Cresset Asset Management LLC Buys Shares of 169,520 iShares U.S. Utilities ETF $IDU

Cresset Asset Management LLC purchased a new position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 169,520 shares of the company’s stock, valued at approximately $18,800,000.

A number of other hedge funds also recently modified their holdings of IDU. Envestnet Asset Management Inc. grew its holdings in iShares U.S. Utilities ETF by 27.2% during the second quarter. Envestnet Asset Management Inc. now owns 94,858 shares of the company’s stock valued at $9,919,000 after purchasing an additional 20,281 shares during the period. Assetmark Inc. purchased a new position in shares of iShares U.S. Utilities ETF during the 2nd quarter valued at $41,000. Atria Investments Inc purchased a new position in shares of iShares U.S. Utilities ETF during the 2nd quarter valued at $825,000. Sigma Planning Corp grew its stake in shares of iShares U.S. Utilities ETF by 3.5% during the 2nd quarter. Sigma Planning Corp now owns 6,393 shares of the company’s stock worth $669,000 after acquiring an additional 214 shares during the period. Finally, Modera Wealth Management LLC purchased a new stake in iShares U.S. Utilities ETF in the 2nd quarter worth about $206,000.

iShares U.S. Utilities ETF Stock Performance

Shares of iShares U.S. Utilities ETF stock opened at $119.69 on Thursday. The stock has a market capitalization of $1.48 billion, a P/E ratio of 21.72 and a beta of 0.61. iShares U.S. Utilities ETF has a 52-week low of $91.91 and a 52-week high of $120.82. The stock’s 50-day simple moving average is $111.98 and its 200 day simple moving average is $111.14.

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.