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

iShares U.S. Utilities ETF (NYSEARCA:IDUGet Free Report) saw unusually-high trading volume on Thursday . Approximately 300,837 shares were traded during mid-day trading, an increase of 1% from the previous session’s volume of 296,424 shares.The stock last traded at $99.35 and had previously closed at $97.82.

iShares U.S. Utilities ETF Stock Performance

The company has a market cap of $1.08 billion, a P/E ratio of 25.14 and a beta of 0.48. The business’s fifty day moving average is $99.25 and its two-hundred day moving average is $98.39.

Institutional Investors Weigh In On iShares U.S. Utilities ETF

Several hedge funds have recently modified their holdings of the business. Strategic Investment Solutions Inc. IL purchased a new stake in iShares U.S. Utilities ETF in the second quarter valued at approximately $62,000. New Wave Wealth Advisors LLC acquired a new position in shares of iShares U.S. Utilities ETF in the fourth quarter worth about $117,000. Trilogy Capital Inc. purchased a new stake in shares of iShares U.S. Utilities ETF during the 3rd quarter worth about $206,000. Vertex Planning Partners LLC acquired a new stake in shares of iShares U.S. Utilities ETF during the 3rd quarter valued at about $211,000. Finally, Rede Wealth LLC purchased a new position in iShares U.S. Utilities ETF during the third quarter worth approximately $212,000.

About iShares U.S. Utilities ETF

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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.

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