8,579 Shares in iShares U.S. Utilities ETF $IDU Purchased by Brendel Financial Advisors LLC

Brendel Financial Advisors LLC bought a new stake in iShares U.S. Utilities ETF (NYSEARCA:IDU) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,579 shares of the company’s stock, valued at approximately $951,000. Brendel Financial Advisors LLC owned approximately 0.06% of iShares U.S. Utilities ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of IDU. Elevation Point Wealth Partners LLC acquired a new stake in shares of iShares U.S. Utilities ETF in the 2nd quarter worth approximately $25,000. Hilltop National Bank purchased a new stake in iShares U.S. Utilities ETF during the second quarter worth $38,000. Assetmark Inc. purchased a new stake in iShares U.S. Utilities ETF during the second quarter worth $41,000. Sound Income Strategies LLC grew its holdings in iShares U.S. Utilities ETF by 87.1% in the third quarter. Sound Income Strategies LLC now owns 434 shares of the company’s stock valued at $50,000 after purchasing an additional 202 shares during the last quarter. Finally, CWM LLC increased its position in shares of iShares U.S. Utilities ETF by 17.9% in the third quarter. CWM LLC now owns 882 shares of the company’s stock valued at $98,000 after buying an additional 134 shares in the last quarter.

iShares U.S. Utilities ETF Stock Up 0.2%

NYSEARCA:IDU opened at $109.10 on Wednesday. iShares U.S. Utilities ETF has a 52-week low of $91.91 and a 52-week high of $117.74. The stock has a fifty day simple moving average of $111.04 and a 200-day simple moving average of $109.30. The company has a market capitalization of $1.47 billion, a PE ratio of 21.72 and a beta of 0.61.

iShares U.S. Utilities ETF 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. Its components primarily include utilities companies. BlackRock Fund Advisors acts as an investment adviser of the Fund.