Avantax Advisory Services Inc. Makes New Investment in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Avantax Advisory Services Inc. acquired a new position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 17,273 shares of the company’s stock, valued at approximately $1,752,000. Avantax Advisory Services Inc. owned approximately 0.12% of iShares U.S. Utilities ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baird Financial Group Inc. acquired a new stake in iShares U.S. Utilities ETF during the fourth quarter worth approximately $455,000. UMB Bank n.a. raised its holdings 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 worth $122,000 after purchasing an additional 635 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in iShares U.S. Utilities ETF during the fourth quarter worth approximately $193,000. Envestnet Asset Management Inc. raised its holdings in iShares U.S. Utilities ETF by 7.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 105,272 shares of the company’s stock worth $10,128,000 after purchasing an additional 7,067 shares in the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management raised its holdings in iShares U.S. Utilities ETF by 1.6% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 6,405 shares of the company’s stock worth $616,000 after purchasing an additional 103 shares in the last quarter.

iShares U.S. Utilities ETF Trading Up 0.4%

Shares of IDU opened at $108.87 on Thursday. The firm has a market cap of $1.44 billion, a PE ratio of 21.72 and a beta of 0.53. The company’s 50 day simple moving average is $104.87 and its 200-day simple moving average is $101.98. iShares U.S. Utilities ETF has a 12-month low of $91.91 and a 12-month high of $109.75.

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.