iShares U.S. Utilities ETF (NYSEARCA:IDU) Sees Strong Trading Volume – Should You Buy?

iShares U.S. Utilities ETF (NYSEARCA:IDU) shares saw an uptick in trading volume on Wednesday . 295,682 shares traded hands during mid-day trading, an increase of 13% from the previous session’s volume of 262,629 shares.The stock last traded at $100.00 and had previously closed at $99.29.

iShares U.S. Utilities ETF Price Performance

The firm’s fifty day simple moving average is $98.88 and its 200 day simple moving average is $98.71. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48.

Institutional Investors Weigh In On iShares U.S. Utilities ETF

A number of institutional investors have recently bought and sold shares of IDU. Independence Bank of Kentucky increased its position in iShares U.S. Utilities ETF by 2.3% during the third quarter. Independence Bank of Kentucky now owns 6,979 shares of the company’s stock worth $712,000 after buying an additional 160 shares during the last quarter. Saxony Capital Management LLC boosted its position in shares of iShares U.S. Utilities ETF by 7.4% in the fourth quarter. Saxony Capital Management LLC now owns 3,088 shares of the company’s stock valued at $297,000 after acquiring an additional 212 shares during the period. Bank of New York Mellon Corp grew its stake in shares of iShares U.S. Utilities ETF by 0.4% in the fourth quarter. Bank of New York Mellon Corp now owns 66,235 shares of the company’s stock worth $6,373,000 after acquiring an additional 249 shares during the last quarter. EP Wealth Advisors LLC raised its stake in iShares U.S. Utilities ETF by 7.2% during the 3rd quarter. EP Wealth Advisors LLC now owns 4,784 shares of the company’s stock valued at $488,000 after purchasing an additional 323 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its holdings in iShares U.S. Utilities ETF by 3.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 11,182 shares of the company’s stock valued at $1,141,000 after purchasing an additional 406 shares during the period.

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.