Apollon Wealth Management LLC cut its stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) by 4.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 126,126 shares of the company’s stock after selling 5,997 shares during the quarter. Apollon Wealth Management LLC’s holdings in iShares U.S. Utilities ETF were worth $12,135,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. New Wave Wealth Advisors LLC purchased a new stake in iShares U.S. Utilities ETF during the fourth quarter valued at $117,000. Trilogy Capital Inc. purchased a new stake in shares of iShares U.S. Utilities ETF during the 3rd quarter valued at about $206,000. Vertex Planning Partners LLC bought a new position in shares of iShares U.S. Utilities ETF in the 3rd quarter worth approximately $211,000. Rede Wealth LLC purchased a new position in shares of iShares U.S. Utilities ETF in the third quarter worth approximately $212,000. Finally, Keystone Wealth Services LLC bought a new stake in iShares U.S. Utilities ETF during the third quarter valued at approximately $216,000.
iShares U.S. Utilities ETF Trading Down 0.2 %
Shares of IDU stock opened at $99.93 on Friday. The company has a 50 day simple moving average of $98.67 and a two-hundred day simple moving average of $98.73. The stock has a market cap of $1.07 billion, a P/E ratio of 25.14 and a beta of 0.48. iShares U.S. Utilities ETF has a 12 month low of $75.93 and a 12 month high of $106.16.
iShares U.S. Utilities ETF 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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Want to see what other hedge funds are holding IDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report).
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