Independence Bank of Kentucky Reduces Stock Holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Independence Bank of Kentucky cut its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,864 shares of the company’s stock after selling 115 shares during the quarter. Independence Bank of Kentucky owned about 0.06% of iShares U.S. Utilities ETF worth $660,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. New Wave Wealth Advisors LLC purchased a new position in shares of iShares U.S. Utilities ETF in the 4th quarter valued at approximately $117,000. Trilogy Capital Inc. acquired a new position in iShares U.S. Utilities ETF during the 3rd quarter valued at approximately $206,000. Vertex Planning Partners LLC purchased a new position in shares of iShares U.S. Utilities ETF in the third quarter worth $211,000. Rede Wealth LLC acquired a new stake in shares of iShares U.S. Utilities ETF during the third quarter worth $212,000. Finally, Callan Family Office LLC purchased a new stake in shares of iShares U.S. Utilities ETF during the third quarter valued at $214,000.

iShares U.S. Utilities ETF Price Performance

Shares of IDU stock opened at $99.46 on Friday. The business has a fifty day moving average of $99.08 and a 200 day moving average of $98.52. iShares U.S. Utilities ETF has a 1 year low of $75.93 and a 1 year high of $106.16. The firm has a market capitalization of $1.07 billion, a price-to-earnings 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.