Lbmc Investment Advisors LLC Sells 2,394 Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU)

Lbmc Investment Advisors LLC reduced its stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,636 shares of the company’s stock after selling 2,394 shares during the quarter. iShares U.S. Utilities ETF accounts for approximately 0.9% of Lbmc Investment Advisors LLC’s portfolio, making the stock its 19th largest holding. Lbmc Investment Advisors LLC owned about 1.06% of iShares U.S. Utilities ETF worth $10,933,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. grew its holdings in shares of iShares U.S. Utilities ETF by 25.2% in the second quarter. Envestnet Asset Management Inc. now owns 76,830 shares of the company’s stock worth $6,752,000 after purchasing an additional 15,468 shares during the last quarter. AE Wealth Management LLC grew its holdings in iShares U.S. Utilities ETF by 9.3% in the 2nd quarter. AE Wealth Management LLC now owns 38,156 shares of the company’s stock worth $3,353,000 after acquiring an additional 3,232 shares during the last quarter. Holderness Investments Co. grew its holdings in iShares U.S. Utilities ETF by 1.3% in the 2nd quarter. Holderness Investments Co. now owns 13,917 shares of the company’s stock worth $1,223,000 after acquiring an additional 179 shares during the last quarter. NewEdge Advisors LLC increased its holdings in iShares U.S. Utilities ETF by 2.6% during the 2nd quarter. NewEdge Advisors LLC now owns 18,553 shares of the company’s stock valued at $1,630,000 after purchasing an additional 476 shares during the period. Finally, Sunbelt Securities Inc. raised its position in iShares U.S. Utilities ETF by 101.9% during the 2nd quarter. Sunbelt Securities Inc. now owns 3,269 shares of the company’s stock valued at $287,000 after purchasing an additional 1,650 shares during the last quarter.

iShares U.S. Utilities ETF Stock Performance

NYSEARCA IDU opened at $100.14 on Friday. The stock has a market cap of $1.08 billion, a P/E ratio of 25.14 and a beta of 0.48. iShares U.S. Utilities ETF has a fifty-two week low of $75.93 and a fifty-two week high of $106.16. The stock has a 50 day simple moving average of $99.47 and a two-hundred day simple moving average of $97.80.

About iShares U.S. Utilities ETF

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.