Jane Street Group LLC Has $3.02 Million Stake in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Jane Street Group LLC increased its stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 868.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,410 shares of the company’s stock after buying an additional 28,165 shares during the quarter. Jane Street Group LLC owned about 0.29% of iShares U.S. Utilities ETF worth $3,022,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management acquired a new stake in shares of iShares U.S. Utilities ETF during the 4th quarter worth approximately $87,000. New Wave Wealth Advisors LLC bought a new stake in shares of iShares U.S. Utilities ETF during the 4th quarter worth $117,000. Tower Research Capital LLC TRC bought a new stake in shares of iShares U.S. Utilities ETF during the 4th quarter worth $175,000. O Shaughnessy Asset Management LLC acquired a new stake in iShares U.S. Utilities ETF in the fourth quarter valued at about $193,000. Finally, 1492 Capital Management LLC bought a new position in iShares U.S. Utilities ETF in the fourth quarter valued at about $210,000.

iShares U.S. Utilities ETF Trading Down 0.3%

IDU stock opened at $101.94 on Wednesday. The firm has a 50-day moving average price of $100.16 and a 200-day moving average price of $100.02. iShares U.S. Utilities ETF has a 12 month low of $87.03 and a 12 month high of $106.16. The stock has a market capitalization of $1.44 billion, a P/E ratio of 21.40 and a beta of 0.57.

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.