iShares U.S. Utilities ETF (NYSEARCA:IDU – Get Free Report)’s share price hit a new 52-week low on Monday. The stock traded as low as $100.13 and last traded at $100.2540, with a volume of 123484 shares traded. The stock had previously closed at $101.17.
iShares U.S. Utilities ETF Price Performance
The firm has a 50 day simple moving average of $109.87 and a 200-day simple moving average of $113.07. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 21.72 and a beta of 0.57.
Hedge Funds Weigh In On iShares U.S. Utilities ETF
Hedge funds have recently modified their holdings of the business. Western Wealth Management LLC purchased a new stake in iShares U.S. Utilities ETF in the 1st quarter valued at about $38,000. Matrix Private Capital Group LLC purchased a new position in iShares U.S. Utilities ETF during the first quarter worth about $46,000. Trust Co. of Vermont acquired a new stake in shares of iShares U.S. Utilities ETF during the second quarter valued at about $69,000. SHP Wealth Management acquired a new stake in shares of iShares U.S. Utilities ETF during the fourth quarter valued at about $76,000. Finally, Assetmark Inc. raised its stake in shares of iShares U.S. Utilities ETF by 66.9% in the 1st quarter. Assetmark Inc. now owns 651 shares of the company’s stock valued at $76,000 after acquiring an additional 261 shares during the period.
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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