Financial Advocates Investment Management Makes New Investment in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Financial Advocates Investment Management bought a new stake in iShares U.S. Utilities ETF (NYSEARCA:IDU) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 9,534 shares of the company’s stock, valued at approximately $917,000.

A number of other institutional investors have also modified their holdings of IDU. New Wave Wealth Advisors LLC purchased a new position in iShares U.S. Utilities ETF in the 4th quarter valued at $117,000. Trilogy Capital Inc. acquired a new stake in shares of iShares U.S. Utilities ETF in the 3rd quarter worth $206,000. Vertex Planning Partners LLC purchased a new stake in shares of iShares U.S. Utilities ETF in the third quarter valued at about $211,000. Rede Wealth LLC acquired a new position in shares of iShares U.S. Utilities ETF during the third quarter worth about $212,000. Finally, Keystone Wealth Services LLC purchased a new position in iShares U.S. Utilities ETF during the third quarter worth about $216,000.

iShares U.S. Utilities ETF Trading Down 0.2 %

Shares of IDU opened at $99.93 on Friday. The stock’s 50 day moving average is $98.67 and its two-hundred day moving average is $98.73. iShares U.S. Utilities ETF has a twelve month low of $75.93 and a twelve month high of $106.16. The firm has a market capitalization of $1.07 billion, a PE ratio of 25.14 and a beta of 0.48.

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.