PNC Financial Services Group Inc. Sells 945 Shares of iShares U.S. Utilities ETF $IDU

PNC Financial Services Group Inc. reduced its stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,796 shares of the company’s stock after selling 945 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares U.S. Utilities ETF were worth $2,802,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its position 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 buying an additional 299 shares during the last quarter. Mullooly Asset Management Inc. bought a new position in iShares U.S. Utilities ETF during the first quarter valued at about $935,000. Valmark Advisers Inc. acquired a new position in iShares U.S. Utilities ETF in the 2nd quarter valued at approximately $204,000. CX Institutional lifted its position in shares of iShares U.S. Utilities ETF by 23.6% in the 2nd quarter. CX Institutional now owns 2,008 shares of the company’s stock worth $210,000 after acquiring an additional 383 shares during the period. Finally, Cornerstone Management Inc. acquired a new stake in shares of iShares U.S. Utilities ETF during the 2nd quarter worth approximately $268,000.

iShares U.S. Utilities ETF Trading Down 0.2%

IDU opened at $112.34 on Wednesday. iShares U.S. Utilities ETF has a 1 year low of $91.91 and a 1 year high of $117.74. The stock’s 50 day simple moving average is $111.92 and its 200-day simple moving average is $108.05. The stock has a market cap of $1.52 billion, a PE 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.