Private Advisor Group LLC Acquires 4,992 Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU)

Private Advisor Group LLC boosted its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 27.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,458 shares of the company’s stock after purchasing an additional 4,992 shares during the period. Private Advisor Group LLC owned approximately 0.22% of iShares U.S. Utilities ETF worth $2,061,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Valmark Advisers Inc. purchased a new stake in shares of iShares U.S. Utilities ETF during the second quarter valued at approximately $207,000. Bellwether Advisors LLC grew its holdings in iShares U.S. Utilities ETF by 0.7% in the 2nd quarter. Bellwether Advisors LLC now owns 35,344 shares of the company’s stock worth $3,106,000 after acquiring an additional 249 shares during the last quarter. Summit Financial LLC raised its stake in shares of iShares U.S. Utilities ETF by 35.9% during the second quarter. Summit Financial LLC now owns 3,304 shares of the company’s stock valued at $290,000 after acquiring an additional 873 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of iShares U.S. Utilities ETF by 11.3% during the second quarter. Commonwealth Equity Services LLC now owns 124,841 shares of the company’s stock worth $10,971,000 after purchasing an additional 12,692 shares during the period. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of iShares U.S. Utilities ETF during the second quarter worth about $4,049,000.

iShares U.S. Utilities ETF Price Performance

IDU opened at $99.62 on Friday. iShares U.S. Utilities ETF has a one year low of $68.87 and a one year high of $99.63. The business has a 50 day simple moving average of $93.71 and a two-hundred day simple moving average of $88.84. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48.

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.