iShares U.S. Utilities ETF (NYSEARCA:IDU) Sees Large Volume Increase – Still a Buy?

iShares U.S. Utilities ETF (NYSEARCA:IDU) shares saw an uptick in trading volume on Thursday . 252,041 shares changed hands during mid-day trading, an increase of 118% from the previous session’s volume of 115,494 shares.The stock last traded at $96.81 and had previously closed at $96.21.

iShares U.S. Utilities ETF Stock Up 0.2 %

The business has a 50-day simple moving average of $100.23 and a 200-day simple moving average of $97.05. The company has a market cap of $1.04 billion, a PE ratio of 25.14 and a beta of 0.48.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of IDU. JPMorgan Chase & Co. grew its stake in iShares U.S. Utilities ETF by 30.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,005 shares of the company’s stock worth $1,021,000 after purchasing an additional 2,343 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of iShares U.S. Utilities ETF during the third quarter worth about $778,000. Fulcrum Equity Management purchased a new stake in shares of iShares U.S. Utilities ETF during the third quarter worth approximately $1,173,000. Sunbelt Securities Inc. lifted its position in shares of iShares U.S. Utilities ETF by 176.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 9,026 shares of the company’s stock worth $921,000 after purchasing an additional 5,757 shares during the last quarter. Finally, MML Investors Services LLC grew its stake in shares of iShares U.S. Utilities ETF by 12.1% during the third quarter. MML Investors Services LLC now owns 35,460 shares of the company’s stock worth $3,618,000 after purchasing an additional 3,816 shares in 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.