iShares U.S. Utilities ETF $IDU Shares Acquired by AE Wealth Management LLC

AE Wealth Management LLC raised its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 97.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,696 shares of the company’s stock after buying an additional 40,231 shares during the period. AE Wealth Management LLC owned about 0.62% of iShares U.S. Utilities ETF worth $8,543,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Hilltop National Bank acquired a new stake in iShares U.S. Utilities ETF during the 2nd quarter worth $38,000. Assetmark Inc. acquired a new stake in shares of iShares U.S. Utilities ETF during the second quarter worth about $41,000. Rise Advisors LLC lifted its holdings in shares of iShares U.S. Utilities ETF by 15.6% in the 1st quarter. Rise Advisors LLC now owns 1,133 shares of the company’s stock valued at $115,000 after purchasing an additional 153 shares during the last quarter. Picton Mahoney Asset Management lifted its holdings in shares of iShares U.S. Utilities ETF by 33.3% in the 1st quarter. Picton Mahoney Asset Management now owns 1,200 shares of the company’s stock valued at $121,000 after purchasing an additional 300 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of iShares U.S. Utilities ETF by 34.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,177 shares of the company’s stock valued at $123,000 after purchasing an additional 299 shares during the period.

iShares U.S. Utilities ETF Stock Performance

Shares of iShares U.S. Utilities ETF stock opened at $112.53 on Monday. The company has a market capitalization of $1.52 billion, a P/E ratio of 21.72 and a beta of 0.61. iShares U.S. Utilities ETF has a 1 year low of $91.91 and a 1 year high of $117.74. The company’s fifty day moving average is $111.14 and its two-hundred day moving average is $107.53.

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.