Essex LLC Sells 705 Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU)

Essex LLC trimmed its stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,870 shares of the company’s stock after selling 705 shares during the period. Essex LLC’s holdings in iShares U.S. Utilities ETF were worth $1,527,000 as of its most recent filing with the Securities & Exchange Commission.

Several 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 in the 4th quarter worth $117,000. Trilogy Capital Inc. purchased a new stake in iShares U.S. Utilities ETF during the 3rd quarter valued at approximately $206,000. Vertex Planning Partners LLC bought a new stake in shares of iShares U.S. Utilities ETF during the third quarter valued at approximately $211,000. Rede Wealth LLC purchased a new position in shares of iShares U.S. Utilities ETF in the third quarter worth $212,000. Finally, Keystone Wealth Services LLC bought a new stake in iShares U.S. Utilities ETF in the 3rd quarter valued at $216,000.

iShares U.S. Utilities ETF Price Performance

NYSEARCA IDU opened at $99.93 on Friday. iShares U.S. Utilities ETF has a 1-year low of $75.93 and a 1-year high of $106.16. The business has a 50 day simple moving average of $98.56 and a two-hundred day simple moving average of $98.79. The stock has a market capitalization of $1.07 billion, a PE ratio of 25.14 and a beta of 0.48.

iShares U.S. Utilities ETF Company 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.