Raymond James & Associates Reduces Stock Holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Raymond James & Associates reduced its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 55.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 28,811 shares of the company’s stock after selling 35,782 shares during the quarter. Raymond James & Associates’ holdings in iShares U.S. Utilities ETF were worth $2,303,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Morgan Stanley lifted its stake in shares of iShares U.S. Utilities ETF by 2.4% during the 3rd quarter. Morgan Stanley now owns 488,618 shares of the company’s stock worth $35,953,000 after acquiring an additional 11,567 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of iShares U.S. Utilities ETF by 654.3% during the 1st quarter. Prudential Financial Inc. now owns 454,509 shares of the company’s stock worth $41,360,000 after acquiring an additional 394,252 shares during the last quarter. Royal Bank of Canada raised its position in iShares U.S. Utilities ETF by 53.0% during the 1st quarter. Royal Bank of Canada now owns 165,037 shares of the company’s stock valued at $15,019,000 after purchasing an additional 57,156 shares in the last quarter. Modera Wealth Management LLC bought a new stake in iShares U.S. Utilities ETF during the 3rd quarter valued at $8,792,000. Finally, Ameriprise Financial Inc. raised its position in iShares U.S. Utilities ETF by 11.8% during the 1st quarter. Ameriprise Financial Inc. now owns 99,226 shares of the company’s stock valued at $8,318,000 after purchasing an additional 10,479 shares in the last quarter.

iShares U.S. Utilities ETF Stock Down 0.8 %

Shares of NYSEARCA IDU opened at $81.91 on Tuesday. The business has a fifty day simple moving average of $81.04 and a two-hundred day simple moving average of $78.60. The firm has a market cap of $880.53 million, a PE ratio of 22.50 and a beta of 0.53. iShares U.S. Utilities ETF has a twelve month low of $68.87 and a twelve month high of $86.54.

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.