Sunbelt Securities Inc. grew its position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) by 109.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,521 shares of the company’s stock after buying an additional 8,126 shares during the quarter. Sunbelt Securities Inc.’s holdings in iShares U.S. Utilities ETF were worth $1,802,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in IDU. Quantinno Capital Management LP lifted its position in iShares U.S. Utilities ETF by 19.5% in the 1st quarter. Quantinno Capital Management LP now owns 8,794 shares of the company’s stock valued at $1,021,000 after acquiring an additional 1,438 shares in the last quarter. Matrix Private Capital Group LLC bought a new position in shares of iShares U.S. Utilities ETF during the first quarter valued at $46,000. Renaissance Technologies LLC purchased a new stake in shares of iShares U.S. Utilities ETF during the first quarter valued at $430,000. Sei Investments Co. increased its holdings in iShares U.S. Utilities ETF by 2.7% in the 1st quarter. Sei Investments Co. now owns 6,355 shares of the company’s stock worth $738,000 after buying an additional 167 shares in the last quarter. Finally, Davis R M Inc. purchased a new position in iShares U.S. Utilities ETF in the 1st quarter worth about $221,000.
iShares U.S. Utilities ETF Stock Performance
IDU opened at $113.95 on Thursday. The stock has a market capitalization of $1.37 billion, a P/E ratio of 21.72 and a beta of 0.58. The company’s 50-day simple moving average is $113.93 and its two-hundred day simple moving average is $114.44. iShares U.S. Utilities ETF has a 52-week low of $105.06 and a 52-week high of $120.82.
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. Its components primarily include utilities companies. BlackRock Fund Advisors acts as an investment adviser of the Fund.
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