Cottonwood Capital Advisors LLC Reduces Stock Holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Cottonwood Capital Advisors LLC reduced its position in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 19.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,660 shares of the company’s stock after selling 889 shares during the period. Cottonwood Capital Advisors LLC’s holdings in iShares U.S. Utilities ETF were worth $373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in iShares U.S. Utilities ETF in the 2nd quarter valued at about $29,000. Chris Bulman Inc bought a new position in iShares U.S. Utilities ETF in the 2nd quarter worth approximately $33,000. Strategic Investment Solutions Inc. IL bought a new position in iShares U.S. Utilities ETF in the 2nd quarter worth approximately $62,000. Yeomans Consulting Group Inc. bought a new stake in iShares U.S. Utilities ETF during the 2nd quarter valued at $200,000. Finally, Trilogy Capital Inc. bought a new stake in iShares U.S. Utilities ETF during the 3rd quarter valued at $206,000.

iShares U.S. Utilities ETF Stock Performance

NYSEARCA:IDU opened at $100.93 on Monday. The business’s fifty day moving average is $100.55 and its 200 day moving average is $94.34. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48. iShares U.S. Utilities ETF has a 52-week low of $74.84 and a 52-week high of $104.15.

About iShares U.S. Utilities ETF

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.