Truist Financial Corp Sells 6,086 Shares of iShares U.S. Utilities ETF $IDU

Truist Financial Corp reduced its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 8.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,413 shares of the company’s stock after selling 6,086 shares during the period. Truist Financial Corp owned approximately 0.52% of iShares U.S. Utilities ETF worth $7,698,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Elevation Point Wealth Partners LLC bought a new stake in iShares U.S. Utilities ETF in the second quarter worth $25,000. Hilltop National Bank bought a new position in iShares U.S. Utilities ETF during the second quarter valued at $38,000. Assetmark Inc. bought a new stake in shares of iShares U.S. Utilities ETF in the 2nd quarter worth about $41,000. Sound Income Strategies LLC lifted its holdings in shares of iShares U.S. Utilities ETF by 87.1% in the 3rd quarter. Sound Income Strategies LLC now owns 434 shares of the company’s stock worth $50,000 after acquiring an additional 202 shares during the last quarter. Finally, Davis Capital Management purchased a new position in shares of iShares U.S. Utilities ETF during the 3rd quarter worth about $52,000.

iShares U.S. Utilities ETF Price Performance

Shares of NYSEARCA:IDU opened at $108.38 on Tuesday. iShares U.S. Utilities ETF has a 1 year low of $91.91 and a 1 year high of $117.74. The business has a 50 day simple moving average of $109.34 and a two-hundred day simple moving average of $110.09. The firm has a market capitalization of $1.42 billion, a PE 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. Its components primarily include utilities companies. BlackRock Fund Advisors acts as an investment adviser of the Fund.