Cetera Investment Advisers Purchases 35,751 Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU)

Cetera Investment Advisers boosted its position in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 123.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,802 shares of the company’s stock after buying an additional 35,751 shares during the period. Cetera Investment Advisers’ holdings in iShares U.S. Utilities ETF were worth $6,235,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Gerber Kawasaki Wealth & Investment Management increased its position in iShares U.S. Utilities ETF by 1.6% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 6,405 shares of the company’s stock valued at $616,000 after buying an additional 103 shares in the last quarter. NewEdge Advisors LLC increased its position in iShares U.S. Utilities ETF by 0.7% in the 4th quarter. NewEdge Advisors LLC now owns 20,998 shares of the company’s stock valued at $2,020,000 after buying an additional 137 shares in the last quarter. Saxony Capital Management LLC increased its holdings in iShares U.S. Utilities ETF by 7.4% during the 4th quarter. Saxony Capital Management LLC now owns 3,088 shares of the company’s stock worth $297,000 after purchasing an additional 212 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in iShares U.S. Utilities ETF by 0.4% during the 4th quarter. Bank of New York Mellon Corp now owns 66,235 shares of the company’s stock worth $6,373,000 after purchasing an additional 249 shares in the last quarter. Finally, Vertex Planning Partners LLC increased its holdings in iShares U.S. Utilities ETF by 14.8% during the 4th quarter. Vertex Planning Partners LLC now owns 2,371 shares of the company’s stock worth $228,000 after purchasing an additional 306 shares in the last quarter.

iShares U.S. Utilities ETF Stock Performance

Shares of IDU opened at $101.94 on Wednesday. The stock has a 50 day moving average price of $100.16 and a two-hundred day moving average price of $100.02. The firm has a market capitalization of $1.44 billion, a P/E ratio of 21.40 and a beta of 0.57. iShares U.S. Utilities ETF has a 52 week low of $87.03 and a 52 week high of $106.16.

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.