Thrivent Financial for Lutherans Reduces Holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Thrivent Financial for Lutherans reduced its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU – Get Rating) by 75.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,138 shares of the company’s stock after selling 18,726 shares during the period. Thrivent Financial for Lutherans owned about 0.05% of iShares U.S. Utilities ETF worth $531,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in IDU. Sanford Advisory Services LLC lifted its position in shares of iShares U.S. Utilities ETF by 2.1% during the 4th quarter. Sanford Advisory Services LLC now owns 6,228 shares of the company’s stock valued at $539,000 after buying an additional 131 shares in the last quarter. Connectus Wealth LLC bought a new stake in iShares U.S. Utilities ETF during the 4th quarter worth approximately $433,000. Family Firm Inc. lifted its holdings in iShares U.S. Utilities ETF by 1.3% during the fourth quarter. Family Firm Inc. now owns 21,745 shares of the company’s stock valued at $1,882,000 after purchasing an additional 286 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of iShares U.S. Utilities ETF by 0.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 103,363 shares of the company’s stock worth $8,945,000 after purchasing an additional 655 shares during the period. Finally, Laurel Wealth Advisors LLC increased its stake in shares of iShares U.S. Utilities ETF by 139.4% in the fourth quarter. Laurel Wealth Advisors LLC now owns 517 shares of the company’s stock worth $45,000 after purchasing an additional 301 shares in the last quarter.

iShares U.S. Utilities ETF Stock Performance

IDU opened at $80.03 on Friday. The stock has a market cap of $948.36 million, a price-to-earnings ratio of 24.05 and a beta of 0.53. The firm’s fifty day moving average is $83.84 and its 200 day moving average is $84.55. iShares U.S. Utilities ETF has a fifty-two week low of $74.96 and a fifty-two week high of $96.00.

iShares U.S. Utilities ETF Profile

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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.