Saxony Capital Management LLC Grows Position in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Saxony Capital Management LLC raised its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,088 shares of the company’s stock after purchasing an additional 212 shares during the period. Saxony Capital Management LLC’s holdings in iShares U.S. Utilities ETF were worth $297,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of IDU. Bensler LLC lifted its position in shares of iShares U.S. Utilities ETF by 7.6% during the fourth quarter. Bensler LLC now owns 243,010 shares of the company’s stock worth $23,380,000 after acquiring an additional 17,151 shares in the last quarter. Apollon Wealth Management LLC raised its stake in shares of iShares U.S. Utilities ETF by 1,289.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 132,123 shares of the company’s stock valued at $13,479,000 after purchasing an additional 122,611 shares during the period. Townsquare Capital LLC lifted its holdings in iShares U.S. Utilities ETF by 7.2% during the 3rd quarter. Townsquare Capital LLC now owns 87,610 shares of the company’s stock worth $8,938,000 after purchasing an additional 5,894 shares in the last quarter. Moloney Securities Asset Management LLC boosted its stake in iShares U.S. Utilities ETF by 3.9% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 83,394 shares of the company’s stock worth $8,508,000 after purchasing an additional 3,158 shares during the period. Finally, Gimbal Financial purchased a new position in iShares U.S. Utilities ETF during the 3rd quarter valued at about $7,957,000.

iShares U.S. Utilities ETF Stock Up 2.5 %

Shares of IDU opened at $100.15 on Friday. iShares U.S. Utilities ETF has a twelve month low of $75.93 and a twelve month high of $106.16. The stock has a market cap of $1.08 billion, a PE ratio of 25.14 and a beta of 0.48. The business’s 50-day moving average price is $99.17 and its 200-day moving average price is $98.40.

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.