Rede Wealth LLC Takes $212,000 Position in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Rede Wealth LLC purchased a new position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,074 shares of the company’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James & Associates grew its position in iShares U.S. Utilities ETF by 28.5% in the 3rd quarter. Raymond James & Associates now owns 25,068 shares of the company’s stock worth $2,557,000 after purchasing an additional 5,560 shares in the last quarter. Stratos Wealth Advisors LLC boosted its stake in shares of iShares U.S. Utilities ETF by 2.7% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 28,692 shares of the company’s stock worth $2,927,000 after buying an additional 757 shares during the last quarter. Well Done LLC bought a new position in shares of iShares U.S. Utilities ETF in the third quarter valued at approximately $220,000. Good Life Advisors LLC increased its position in shares of iShares U.S. Utilities ETF by 99.1% during the third quarter. Good Life Advisors LLC now owns 5,080 shares of the company’s stock valued at $518,000 after acquiring an additional 2,528 shares during the last quarter. Finally, Keystone Wealth Services LLC purchased a new stake in shares of iShares U.S. Utilities ETF during the third quarter valued at approximately $216,000.

iShares U.S. Utilities ETF Stock Up 0.5 %

IDU stock traded up $0.51 during midday trading on Friday, hitting $103.61. The company’s stock had a trading volume of 42,357 shares, compared to its average volume of 122,141. iShares U.S. Utilities ETF has a 1 year low of $71.73 and a 1 year high of $104.15. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48. The stock’s 50-day moving average price is $98.94 and its 200 day moving average price is $92.43.

About iShares U.S. Utilities ETF

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.