Baird Financial Group Inc. Sells 697 Shares of iShares U.S. Utilities ETF $IDU

Baird Financial Group Inc. reduced its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 14.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,037 shares of the company’s stock after selling 697 shares during the period. Baird Financial Group Inc.’s holdings in iShares U.S. Utilities ETF were worth $409,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Mullooly Asset Management Inc. bought a new position in iShares U.S. Utilities ETF in the 1st quarter worth approximately $935,000. UMB Bank n.a. increased its position in iShares U.S. Utilities ETF by 112.4% in the 1st quarter. UMB Bank n.a. now owns 1,200 shares of the company’s stock worth $122,000 after buying an additional 635 shares during the period. PNC Financial Services Group Inc. increased its position in iShares U.S. Utilities ETF by 6.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 27,741 shares of the company’s stock worth $2,814,000 after buying an additional 1,633 shares during the period. Rede Wealth LLC bought a new position in iShares U.S. Utilities ETF in the 1st quarter worth approximately $210,000. Finally, Gerber Kawasaki Wealth & Investment Management increased its position in iShares U.S. Utilities ETF by 7.2% in the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 6,864 shares of the company’s stock worth $696,000 after buying an additional 459 shares during the period.

iShares U.S. Utilities ETF Trading Up 1.4%

IDU opened at $107.64 on Thursday. The stock has a market cap of $1.48 billion, a PE ratio of 21.72 and a beta of 0.53. iShares U.S. Utilities ETF has a 1 year low of $91.91 and a 1 year high of $111.38. The stock’s 50 day simple moving average is $107.69 and its 200-day simple moving average is $103.79.

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.