Concurrent Investment Advisors LLC boosted its stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) by 1.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,656 shares of the company’s stock after purchasing an additional 579 shares during the period. Concurrent Investment Advisors LLC owned about 0.43% of iShares U.S. Utilities ETF worth $4,760,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC purchased a new position in iShares U.S. Utilities ETF in the second quarter valued at about $29,000. Chris Bulman Inc bought a new stake in shares of iShares U.S. Utilities ETF in the 2nd quarter valued at approximately $33,000. Strategic Investment Solutions Inc. IL acquired a new position in iShares U.S. Utilities ETF in the second quarter worth approximately $62,000. Yeomans Consulting Group Inc. acquired a new position in iShares U.S. Utilities ETF in the second quarter worth approximately $200,000. Finally, Trilogy Capital Inc. bought a new position in iShares U.S. Utilities ETF during the third quarter valued at approximately $206,000.
iShares U.S. Utilities ETF Stock Down 0.7 %
IDU stock opened at $99.00 on Thursday. The firm has a 50 day moving average of $100.42 and a two-hundred day moving average of $94.07. iShares U.S. Utilities ETF has a 12 month low of $74.84 and a 12 month high of $104.15. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48.
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.
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