Modera Wealth Management LLC Buys Shares of 1,971 iShares U.S. Utilities ETF $IDU

Modera Wealth Management LLC purchased a new position in iShares U.S. Utilities ETF (NYSEARCA:IDU) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,971 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Hilltop National Bank purchased a new stake in shares of iShares U.S. Utilities ETF during the second quarter valued at $38,000. Assetmark Inc. bought a new position in iShares U.S. Utilities ETF during the 2nd quarter valued at about $41,000. Rise Advisors LLC boosted its holdings in shares of iShares U.S. Utilities ETF by 15.6% during the 1st quarter. Rise Advisors LLC now owns 1,133 shares of the company’s stock valued at $115,000 after acquiring an additional 153 shares during the last quarter. Picton Mahoney Asset Management grew its stake 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 acquiring an additional 300 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of iShares U.S. Utilities ETF by 34.1% during the second quarter. Farther Finance Advisors LLC now owns 1,177 shares of the company’s stock valued at $123,000 after purchasing an additional 299 shares during the last quarter.

iShares U.S. Utilities ETF Stock Up 1.2%

Shares of iShares U.S. Utilities ETF stock opened at $112.53 on Monday. iShares U.S. Utilities ETF has a twelve month low of $91.91 and a twelve month high of $117.74. The company’s 50 day moving average is $111.14 and its 200 day moving average is $107.53. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 21.72 and a beta of 0.61.

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.