Wealth Enhancement Advisory Services LLC Sells 1,035 Shares of iShares U.S. Utilities ETF $IDU

Wealth Enhancement Advisory Services LLC decreased its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 7.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,945 shares of the company’s stock after selling 1,035 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.10% of iShares U.S. Utilities ETF worth $1,355,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mullooly Asset Management Inc. bought a new position in shares of iShares U.S. Utilities ETF during the 1st quarter valued at $935,000. UMB Bank n.a. increased its position in iShares U.S. Utilities ETF by 112.4% during the first quarter. UMB Bank n.a. now owns 1,200 shares of the company’s stock valued at $122,000 after acquiring an additional 635 shares during the last quarter. PNC Financial Services Group Inc. increased its position in iShares U.S. Utilities ETF by 6.3% during the first quarter. PNC Financial Services Group Inc. now owns 27,741 shares of the company’s stock valued at $2,814,000 after acquiring an additional 1,633 shares during the last quarter. Rede Wealth LLC purchased a new stake in iShares U.S. Utilities ETF during the first quarter valued at $210,000. Finally, Gerber Kawasaki Wealth & Investment Management grew its stake in shares of iShares U.S. Utilities ETF by 7.2% during the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 6,864 shares of the company’s stock valued at $696,000 after purchasing an additional 459 shares during the period.

iShares U.S. Utilities ETF Trading Up 0.2%

IDU opened at $110.90 on Wednesday. iShares U.S. Utilities ETF has a 1-year low of $91.91 and a 1-year high of $111.38. The company has a market capitalization of $1.52 billion, a PE ratio of 21.72 and a beta of 0.53. The firm’s 50 day simple moving average is $108.57 and its two-hundred day simple moving average is $104.62.

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.