iShares U.S. Utilities ETF (NYSEARCA:IDU) Sees Strong Trading Volume

iShares U.S. Utilities ETF (NYSEARCA:IDU) shares saw unusually-strong trading volume on Tuesday . Approximately 50,338 shares were traded during trading, an increase of 10% from the previous session’s volume of 45,955 shares.The stock last traded at $80.79 and had previously closed at $81.88.

iShares U.S. Utilities ETF Stock Up 1.6 %

The firm has a 50 day moving average price of $81.22 and a two-hundred day moving average price of $78.68. The company has a market capitalization of $883.97 million, a price-to-earnings ratio of 22.50 and a beta of 0.53.

Hedge Funds Weigh In On iShares U.S. Utilities ETF

Several large investors have recently modified their holdings of the stock. Laurel Wealth Advisors LLC lifted its position in shares of iShares U.S. Utilities ETF by 29.0% during the third quarter. Laurel Wealth Advisors LLC now owns 668 shares of the company’s stock worth $49,000 after purchasing an additional 150 shares during the last quarter. Madden Advisory Services Inc. lifted its holdings in iShares U.S. Utilities ETF by 3.6% in the third quarter. Madden Advisory Services Inc. now owns 4,357 shares of the company’s stock worth $321,000 after acquiring an additional 153 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in iShares U.S. Utilities ETF by 4.8% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 3,630 shares of the company’s stock worth $314,000 after acquiring an additional 165 shares during the last quarter. Retirement Planning Group LLC lifted its holdings in iShares U.S. Utilities ETF by 6.7% in the first quarter. Retirement Planning Group LLC now owns 2,670 shares of the company’s stock worth $226,000 after acquiring an additional 167 shares during the last quarter. Finally, Great Lakes Advisors LLC lifted its holdings in iShares U.S. Utilities ETF by 1.1% in the third quarter. Great Lakes Advisors LLC now owns 15,975 shares of the company’s stock worth $1,175,000 after acquiring an additional 169 shares during the last quarter.

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.