CacheTech Inc. Sells 34,829 Shares of iShares U.S. Utilities ETF $IDU

CacheTech Inc. decreased its stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 91.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,177 shares of the company’s stock after selling 34,829 shares during the period. CacheTech Inc.’s holdings in iShares U.S. Utilities ETF were worth $332,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bank of America Corp DE raised its holdings in iShares U.S. Utilities ETF by 88.0% in the 2nd quarter. Bank of America Corp DE now owns 938,296 shares of the company’s stock valued at $98,118,000 after acquiring an additional 439,316 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in iShares U.S. Utilities ETF during the 1st quarter worth approximately $64,411,000. PGIM Custom Harvest LLC increased its stake in shares of iShares U.S. Utilities ETF by 1.0% in the second quarter. PGIM Custom Harvest LLC now owns 459,832 shares of the company’s stock valued at $48,085,000 after buying an additional 4,412 shares during the period. Raymond James Financial Inc. lifted its position in shares of iShares U.S. Utilities ETF by 8.6% in the 2nd quarter. Raymond James Financial Inc. now owns 205,135 shares of the company’s stock worth $21,451,000 after purchasing an additional 16,173 shares during the period. Finally, Camarda Financial Advisors LLC bought a new stake in iShares U.S. Utilities ETF during the second quarter valued at $13,327,000.

iShares U.S. Utilities ETF Stock Performance

Shares of IDU opened at $108.59 on Monday. The firm has a market cap of $1.47 billion, a PE ratio of 21.72 and a beta of 0.61. The business’s 50 day moving average price is $112.56 and its two-hundred day moving average price is $108.96. iShares U.S. Utilities ETF has a 52-week low of $91.91 and a 52-week high of $117.74.

iShares U.S. Utilities ETF Company Profile

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.