Cornerstone Management Inc. Acquires New Holdings in iShares U.S. Utilities ETF $IDU

Cornerstone Management Inc. acquired a new stake in iShares U.S. Utilities ETF (NYSEARCA:IDU) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,559 shares of the company’s stock, valued at approximately $268,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC bought a new position in iShares U.S. Utilities ETF during the 1st quarter worth approximately $64,411,000. LPL Financial LLC increased its stake in shares of iShares U.S. Utilities ETF by 6.6% in the 1st quarter. LPL Financial LLC now owns 257,854 shares of the company’s stock valued at $26,152,000 after acquiring an additional 15,995 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of iShares U.S. Utilities ETF by 509.8% in the 1st quarter. Jones Financial Companies Lllp now owns 90,746 shares of the company’s stock valued at $9,203,000 after acquiring an additional 75,864 shares in the last quarter. Truist Financial Corp increased its stake in shares of iShares U.S. Utilities ETF by 25.3% in the 2nd quarter. Truist Financial Corp now owns 75,499 shares of the company’s stock valued at $7,895,000 after acquiring an additional 15,245 shares in the last quarter. Finally, Summit Financial Consulting LLC bought a new stake in shares of iShares U.S. Utilities ETF in the 2nd quarter valued at $5,535,000.

iShares U.S. Utilities ETF Stock Down 0.1%

NYSEARCA:IDU opened at $113.94 on Friday. The company has a fifty day moving average of $110.29 and a 200-day moving average of $106.26. The firm has a market capitalization of $1.52 billion, a P/E ratio of 21.72 and a beta of 0.53. iShares U.S. Utilities ETF has a twelve month low of $91.91 and a twelve month high of $117.74.

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.