Blackston Financial Advisory Group LLC Reduces Holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Blackston Financial Advisory Group LLC reduced its stake in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,744 shares of the company’s stock after selling 135 shares during the period. Blackston Financial Advisory Group LLC’s holdings in iShares U.S. Utilities ETF were worth $264,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. RPS Advisory Solutions LLC increased its stake in shares of iShares U.S. Utilities ETF by 15.8% in the fourth quarter. RPS Advisory Solutions LLC now owns 46,641 shares of the company’s stock worth $4,487,000 after buying an additional 6,363 shares during the period. Concurrent Investment Advisors LLC increased its position in shares of iShares U.S. Utilities ETF by 7.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 50,212 shares of the company’s stock valued at $4,831,000 after acquiring an additional 3,556 shares during the period. WealthCare Investment Partners LLC raised its stake in shares of iShares U.S. Utilities ETF by 113.1% during the fourth quarter. WealthCare Investment Partners LLC now owns 7,668 shares of the company’s stock valued at $741,000 after acquiring an additional 4,070 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of iShares U.S. Utilities ETF by 20.4% during the fourth quarter. Private Advisor Group LLC now owns 27,682 shares of the company’s stock worth $2,663,000 after purchasing an additional 4,694 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of iShares U.S. Utilities ETF in the fourth quarter worth about $228,000.

iShares U.S. Utilities ETF Price Performance

IDU opened at $102.60 on Friday. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48. iShares U.S. Utilities ETF has a one year low of $78.07 and a one year high of $106.16. The business has a 50 day simple moving average of $98.72 and a two-hundred day simple moving average of $99.47.

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.