Norden Group LLC Acquires 5,194 Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU)

Norden Group LLC boosted its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,732 shares of the company’s stock after acquiring an additional 5,194 shares during the quarter. iShares U.S. Utilities ETF accounts for about 1.0% of Norden Group LLC’s investment portfolio, making the stock its 15th largest position. Norden Group LLC’s holdings in iShares U.S. Utilities ETF were worth $8,922,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IDU. Saxony Capital Management LLC increased its position in shares of iShares U.S. Utilities ETF by 7.4% during the 4th quarter. Saxony Capital Management LLC now owns 3,088 shares of the company’s stock valued at $297,000 after purchasing an additional 212 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of iShares U.S. Utilities ETF by 0.4% during the 4th quarter. Bank of New York Mellon Corp now owns 66,235 shares of the company’s stock valued at $6,373,000 after purchasing an additional 249 shares during the last quarter. EP Wealth Advisors LLC increased its position 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. Advisors Management Group Inc. ADV boosted its holdings in iShares U.S. Utilities ETF by 2.3% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 19,022 shares of the company’s stock valued at $1,941,000 after acquiring an additional 420 shares during the period. Finally, Axxcess Wealth Management LLC boosted its holdings in iShares U.S. Utilities ETF by 15.4% during the 3rd quarter. Axxcess Wealth Management LLC now owns 3,182 shares of the company’s stock valued at $325,000 after acquiring an additional 424 shares during the period.

iShares U.S. Utilities ETF Price Performance

Shares of IDU stock opened at $101.64 on Friday. The stock has a market capitalization of $1.09 billion, a PE ratio of 25.14 and a beta of 0.48. iShares U.S. Utilities ETF has a 1-year low of $78.47 and a 1-year high of $106.16. The business has a 50-day moving average of $99.25 and a 200 day moving average of $99.75.

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.