iShares U.S. Utilities ETF (NYSEARCA:IDU) Shares Sold by Destination Wealth Management

Destination Wealth Management lowered its position in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 636,567 shares of the company’s stock after selling 6,564 shares during the quarter. iShares U.S. Utilities ETF accounts for approximately 2.0% of Destination Wealth Management’s holdings, making the stock its 12th biggest holding. Destination Wealth Management owned 5.92% of iShares U.S. Utilities ETF worth $64,943,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in IDU. International Assets Investment Management LLC acquired a new stake in iShares U.S. Utilities ETF during the 2nd quarter valued at $29,000. Chris Bulman Inc acquired a new position in shares of iShares U.S. Utilities ETF in the second quarter worth $33,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of iShares U.S. Utilities ETF in the second quarter valued at $62,000. Yeomans Consulting Group Inc. acquired a new stake in shares of iShares U.S. Utilities ETF during the second quarter valued at $200,000. Finally, Trilogy Capital Inc. acquired a new stake in shares of iShares U.S. Utilities ETF during the third quarter valued at $206,000.

iShares U.S. Utilities ETF Trading Up 0.5 %

Shares of IDU stock opened at $99.61 on Thursday. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48. The firm has a 50-day moving average price of $101.79 and a 200 day moving average price of $96.37. iShares U.S. Utilities ETF has a twelve month low of $75.93 and a twelve month high of $106.16.

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.