Blackston Financial Advisory Group LLC cut its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) by 4.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,744 shares of the company’s stock after selling 135 shares during the quarter. Blackston Financial Advisory Group LLC’s holdings in iShares U.S. Utilities ETF were worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of the business. New Wave Wealth Advisors LLC purchased a new stake in iShares U.S. Utilities ETF during the 4th quarter valued at $117,000. Vertex Planning Partners LLC bought a new stake in shares of iShares U.S. Utilities ETF in the third quarter worth $211,000. Hilltop Holdings Inc. purchased a new stake in iShares U.S. Utilities ETF during the third quarter valued at $224,000. REDW Wealth LLC bought a new position in iShares U.S. Utilities ETF in the third quarter valued at about $228,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in iShares U.S. Utilities ETF in the fourth quarter worth about $228,000.
iShares U.S. Utilities ETF Stock Up 0.0 %
NYSEARCA IDU opened at $102.60 on Friday. The company has a 50-day moving average price of $98.72 and a 200-day moving average price of $99.47. iShares U.S. Utilities ETF has a 52 week low of $78.07 and a 52 week high of $106.16. The firm has a market capitalization of $1.10 billion, a P/E ratio of 25.14 and a beta of 0.48.
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.
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