Envestnet Asset Management Inc. Has $9.92 Million Stock Position in iShares U.S. Utilities ETF $IDU

Envestnet Asset Management Inc. grew its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 27.2% during the second quarter, Holdings Channel reports. The firm owned 94,858 shares of the company’s stock after purchasing an additional 20,281 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares U.S. Utilities ETF were worth $9,919,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Hilltop National Bank bought a new stake in iShares U.S. Utilities ETF in the second quarter worth $38,000. Rise Advisors LLC lifted its position in shares of iShares U.S. Utilities ETF by 15.6% in the first quarter. Rise Advisors LLC now owns 1,133 shares of the company’s stock worth $115,000 after buying an additional 153 shares during the last quarter. Picton Mahoney Asset Management lifted its position in shares of iShares U.S. Utilities ETF by 33.3% in the first quarter. Picton Mahoney Asset Management now owns 1,200 shares of the company’s stock worth $121,000 after buying an additional 300 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of iShares U.S. Utilities ETF by 34.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,177 shares of the company’s stock worth $123,000 after acquiring an additional 299 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of iShares U.S. Utilities ETF during the 1st quarter valued at about $126,000.

iShares U.S. Utilities ETF Stock Performance

IDU opened at $112.53 on Monday. The business has a 50 day moving average price of $111.14 and a 200 day moving average price of $107.53. iShares U.S. Utilities ETF has a twelve month low of $91.91 and a twelve month high of $117.74. The firm has a market cap of $1.52 billion, a P/E ratio of 21.72 and a beta of 0.61.

iShares U.S. Utilities ETF 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.