Commonwealth Equity Services LLC Raises Stock Holdings in iShares U.S. Utilities ETF $IDU

Commonwealth Equity Services LLC grew its stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 9.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,733 shares of the company’s stock after buying an additional 10,594 shares during the period. Commonwealth Equity Services LLC owned 0.89% of iShares U.S. Utilities ETF worth $13,167,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in iShares U.S. Utilities ETF by 88.0% during the 2nd quarter. Bank of America Corp DE now owns 938,296 shares of the company’s stock worth $98,118,000 after acquiring an additional 439,316 shares during the period. Camarda Financial Advisors LLC purchased a new stake in shares of iShares U.S. Utilities ETF in the second quarter worth $13,327,000. Laurel Wealth Advisors LLC raised its position in shares of iShares U.S. Utilities ETF by 10,357.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 94,113 shares of the company’s stock valued at $9,841,000 after purchasing an additional 93,213 shares during the period. Forte Asset Management LLC purchased a new position in shares of iShares U.S. Utilities ETF during the 2nd quarter valued at $7,162,000. Finally, Summit Financial Consulting LLC purchased a new position in shares of iShares U.S. Utilities ETF during the 2nd quarter valued at $5,535,000.

iShares U.S. Utilities ETF Stock Performance

Shares of IDU stock opened at $107.99 on Friday. 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 $110.15 and a two-hundred day simple moving average of $109.51. The firm has a market capitalization of $1.53 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.