Truist Financial Corp Sells 3,555 Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU)

Truist Financial Corp trimmed its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 6.2% in the 4th quarter, Holdings Channel reports. The fund owned 53,890 shares of the company’s stock after selling 3,555 shares during the quarter. Truist Financial Corp’s holdings in iShares U.S. Utilities ETF were worth $5,185,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of IDU. New Wave Wealth Advisors LLC acquired a new position in iShares U.S. Utilities ETF during the 4th quarter valued at $117,000. Vertex Planning Partners LLC acquired a new position in shares of iShares U.S. Utilities ETF during the third quarter valued at about $211,000. Hilltop Holdings Inc. acquired a new position in shares of iShares U.S. Utilities ETF during the third quarter valued at about $224,000. REDW Wealth LLC bought a new stake in shares of iShares U.S. Utilities ETF in the third quarter valued at about $228,000. Finally, TPG Advisors LLC acquired a new stake in iShares U.S. Utilities ETF during the third quarter worth about $229,000.

iShares U.S. Utilities ETF Stock Up 0.0 %

Shares of IDU opened at $102.60 on Monday. The stock’s 50-day moving average price is $98.72 and its 200 day moving average price is $99.55. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48. iShares U.S. Utilities ETF has a 12-month low of $78.07 and a 12-month high of $106.16.

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.