iShares U.S. Utilities ETF (NYSEARCA:IDU) Stake Reduced by Sunbelt Securities Inc.

Sunbelt Securities Inc. decreased its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU – Get Rating) by 63.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,145 shares of the company’s stock after selling 5,393 shares during the period. Sunbelt Securities Inc.’s holdings in iShares U.S. Utilities ETF were worth $255,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in IDU. HighTower Advisors LLC lifted its stake in iShares U.S. Utilities ETF by 2.4% during the first quarter. HighTower Advisors LLC now owns 17,699 shares of the company’s stock valued at $1,614,000 after purchasing an additional 407 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of iShares U.S. Utilities ETF by 5.0% during the 1st quarter. Cetera Investment Advisers now owns 20,235 shares of the company’s stock valued at $1,841,000 after acquiring an additional 959 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of iShares U.S. Utilities ETF during the 1st quarter valued at $204,000. Equitable Holdings Inc. boosted its stake in shares of iShares U.S. Utilities ETF by 5.7% during the 1st quarter. Equitable Holdings Inc. now owns 7,663 shares of the company’s stock worth $697,000 after acquiring an additional 415 shares in the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of iShares U.S. Utilities ETF by 654.3% in the 1st quarter. Prudential Financial Inc. now owns 454,509 shares of the company’s stock worth $41,360,000 after acquiring an additional 394,252 shares during the last quarter.

iShares U.S. Utilities ETF Stock Down 1.1 %

Shares of iShares U.S. Utilities ETF stock opened at $82.38 on Friday. iShares U.S. Utilities ETF has a 12-month low of $74.96 and a 12-month high of $96.00. The firm has a market capitalization of $943.25 million, a PE ratio of 24.05 and a beta of 0.52. The stock’s fifty day moving average is $83.68 and its 200-day moving average is $85.10.

About iShares U.S. Utilities ETF

(Get Rating)

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.