Navellier & Associates Inc. Has $998,000 Holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Navellier & Associates Inc. increased its stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 17.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,370 shares of the company’s stock after purchasing an additional 1,563 shares during the period. Navellier & Associates Inc.’s holdings in iShares U.S. Utilities ETF were worth $998,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IDU. New Wave Wealth Advisors LLC bought a new stake in shares of iShares U.S. Utilities ETF in the 4th quarter worth approximately $117,000. Vertex Planning Partners LLC acquired a new stake in shares of iShares U.S. Utilities ETF in the 3rd quarter valued at $211,000. Hilltop Holdings Inc. acquired a new stake in shares of iShares U.S. Utilities ETF in the 3rd quarter valued at $224,000. REDW Wealth LLC acquired a new stake in shares of iShares U.S. Utilities ETF in the 3rd quarter valued at $228,000. Finally, TPG Advisors LLC acquired a new stake in shares of iShares U.S. Utilities ETF during the third quarter worth $229,000.

iShares U.S. Utilities ETF Stock Up 0.0 %

Shares of iShares U.S. Utilities ETF stock opened at $102.60 on Friday. iShares U.S. Utilities ETF has a 12 month low of $78.07 and a 12 month high of $106.16. The business has a fifty day simple moving average of $98.72 and a 200 day simple moving average of $99.51. The stock has a market cap of $1.10 billion, a PE ratio of 25.14 and a beta of 0.48.

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.