Arrien Investments Inc. purchased a new position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 71,552 shares of the company’s stock, valued at approximately $7,166,000. iShares U.S. Utilities ETF comprises 5.1% of Arrien Investments Inc.’s holdings, making the stock its 7th biggest position.
Several other institutional investors and hedge funds also recently bought and sold shares of IDU. Picton Mahoney Asset Management purchased a new position in iShares U.S. Utilities ETF in the fourth quarter valued at $87,000. New Wave Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Utilities ETF in the fourth quarter valued at approximately $117,000. Vertex Planning Partners LLC acquired a new position in iShares U.S. Utilities ETF in the third quarter valued at $211,000. Harbour Investments Inc. grew its stake in shares of iShares U.S. Utilities ETF by 69.3% in the 4th quarter. Harbour Investments Inc. now owns 2,274 shares of the company’s stock valued at $219,000 after purchasing an additional 931 shares during the last quarter. Finally, Hilltop Holdings Inc. acquired a new stake in shares of iShares U.S. Utilities ETF in the 3rd quarter worth $224,000.
iShares U.S. Utilities ETF Trading Up 1.8 %
Shares of IDU stock opened at $100.93 on Monday. iShares U.S. Utilities ETF has a 12-month low of $80.68 and a 12-month high of $106.16. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 21.58 and a beta of 0.61. The stock has a 50 day simple moving average of $99.84 and a 200-day simple moving average of $100.10.
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.
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