Bank of America Corp DE cut its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 401,626 shares of the company’s stock after selling 9,219 shares during the quarter. Bank of America Corp DE owned 3.74% of iShares U.S. Utilities ETF worth $38,640,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Picton Mahoney Asset Management purchased a new stake in iShares U.S. Utilities ETF during the 4th quarter valued at $87,000. New Wave Wealth Advisors LLC purchased a new stake in iShares U.S. Utilities ETF during the 4th quarter valued at $117,000. Tower Research Capital LLC TRC purchased a new stake in iShares U.S. Utilities ETF during the 4th quarter valued at $175,000. O Shaughnessy Asset Management LLC purchased a new stake in iShares U.S. Utilities ETF during the 4th quarter valued at $193,000. Finally, 1492 Capital Management LLC purchased a new stake in iShares U.S. Utilities ETF during the 4th quarter valued at $210,000.
iShares U.S. Utilities ETF Trading Up 2.2%
Shares of IDU opened at $103.81 on Friday. The firm has a market cap of $1.46 billion, a PE ratio of 21.40 and a beta of 0.57. The firm has a fifty day simple moving average of $100.27 and a two-hundred day simple moving average of $100.04. iShares U.S. Utilities ETF has a 1-year low of $87.03 and a 1-year 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.
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