iShares U.S. Utilities ETF (NYSEARCA:IDU) Sees Unusually-High Trading Volume – What’s Next?

iShares U.S. Utilities ETF (NYSEARCA:IDU) shares saw strong trading volume on Thursday . 543,848 shares were traded during trading, an increase of 144% from the previous session’s volume of 222,433 shares.The stock last traded at $99.94 and had previously closed at $99.61.

iShares U.S. Utilities ETF Price Performance

The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48. The company’s 50-day moving average is $99.47 and its 200-day moving average is $98.06.

Institutional Trading of iShares U.S. Utilities ETF

A number of institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in shares of iShares U.S. Utilities ETF by 25.2% in the second quarter. Envestnet Asset Management Inc. now owns 76,830 shares of the company’s stock valued at $6,752,000 after buying an additional 15,468 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of iShares U.S. Utilities ETF by 2.6% during the second quarter. NewEdge Advisors LLC now owns 18,553 shares of the company’s stock valued at $1,630,000 after purchasing an additional 476 shares during the period. Sunbelt Securities Inc. lifted its position in shares of iShares U.S. Utilities ETF by 101.9% during the second quarter. Sunbelt Securities Inc. now owns 3,269 shares of the company’s stock worth $287,000 after purchasing an additional 1,650 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in shares of iShares U.S. Utilities ETF in the second quarter valued at $392,000. Finally, Truist Financial Corp grew its holdings in iShares U.S. Utilities ETF by 3.5% during the 2nd quarter. Truist Financial Corp now owns 41,266 shares of the company’s stock valued at $3,626,000 after purchasing an additional 1,405 shares in the last quarter.

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.