Truist Financial Corp Has $3.28 Million Stock Holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Truist Financial Corp lowered its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 6.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,083 shares of the company’s stock after selling 2,716 shares during the quarter. Truist Financial Corp owned 0.38% of iShares U.S. Utilities ETF worth $3,284,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in IDU. Modera Wealth Management LLC acquired a new position in iShares U.S. Utilities ETF in the 3rd quarter valued at approximately $8,792,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of iShares U.S. Utilities ETF by 2.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 97,706 shares of the company’s stock valued at $7,810,000 after purchasing an additional 2,070 shares in the last quarter. Raymond James & Associates lifted its position in iShares U.S. Utilities ETF by 55.9% in the third quarter. Raymond James & Associates now owns 64,593 shares of the company’s stock worth $4,753,000 after purchasing an additional 23,160 shares during the period. Bellwether Advisors LLC bought a new stake in iShares U.S. Utilities ETF in the 3rd quarter valued at $4,653,000. Finally, Johnson Investment Counsel Inc. increased its holdings in iShares U.S. Utilities ETF by 32.9% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 58,879 shares of the company’s stock valued at $4,332,000 after buying an additional 14,561 shares during the period.

iShares U.S. Utilities ETF Stock Performance

NYSEARCA:IDU opened at $89.03 on Wednesday. The company has a market capitalization of $925.91 million, a price-to-earnings ratio of 23.49 and a beta of 0.48. The company has a 50-day moving average of $83.39 and a 200-day moving average of $80.02. iShares U.S. Utilities ETF has a 52 week low of $68.87 and a 52 week high of $89.10.

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.