FSA Investment Group LLC Buys New Position in iShares U.S. Utilities ETF (NYSEARCA:IDU)

FSA Investment Group LLC bought a new stake in iShares U.S. Utilities ETF (NYSEARCA:IDU) in the 4th quarter, HoldingsChannel.com reports. The firm bought 4,891 shares of the company’s stock, valued at approximately $471,000. iShares U.S. Utilities ETF makes up 0.4% of FSA Investment Group LLC’s investment portfolio, making the stock its 15th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of IDU. Independence Bank of Kentucky increased its holdings in iShares U.S. Utilities ETF by 2.3% during the third quarter. Independence Bank of Kentucky now owns 6,979 shares of the company’s stock worth $712,000 after buying an additional 160 shares during the last quarter. HBW Advisory Services LLC lifted its holdings in shares of iShares U.S. Utilities ETF by 4.1% during the 3rd quarter. HBW Advisory Services LLC now owns 5,018 shares of the company’s stock worth $512,000 after acquiring an additional 197 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in shares of iShares U.S. Utilities ETF by 7.2% during the 3rd quarter. EP Wealth Advisors LLC now owns 4,784 shares of the company’s stock valued at $488,000 after purchasing an additional 323 shares during the last quarter. Koshinski Asset Management Inc. boosted its holdings in shares of iShares U.S. Utilities ETF by 3.8% during the third quarter. Koshinski Asset Management Inc. now owns 11,182 shares of the company’s stock worth $1,141,000 after purchasing an additional 406 shares during the period. Finally, Advisors Management Group Inc. ADV lifted its stake in iShares U.S. Utilities ETF by 2.3% in the third quarter. Advisors Management Group Inc. ADV now owns 19,022 shares of the company’s stock worth $1,941,000 after acquiring an additional 420 shares during the period.

iShares U.S. Utilities ETF Stock Up 2.5 %

Shares of IDU stock opened at $100.15 on Friday. iShares U.S. Utilities ETF has a twelve month low of $75.93 and a twelve month high of $106.16. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48. The business’s fifty day moving average is $99.17 and its 200 day moving average is $98.40.

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.