iShares U.S. Utilities ETF $IDU Shares Sold by Adams Wealth Management

Adams Wealth Management cut its position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 91.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,177 shares of the company’s stock after selling 34,829 shares during the period. Adams Wealth Management’s holdings in iShares U.S. Utilities ETF were worth $332,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of IDU. Hsbc Holdings PLC acquired a new stake in iShares U.S. Utilities ETF during the 1st quarter worth approximately $64,411,000. Bank of America Corp DE lifted its holdings in shares of iShares U.S. Utilities ETF by 88.0% during 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. Camarda Financial Advisors LLC purchased a new stake in iShares U.S. Utilities ETF during the 2nd quarter worth $13,327,000. Laurel Wealth Advisors LLC raised its position in iShares U.S. Utilities ETF by 10,357.0% in the second quarter. Laurel Wealth Advisors LLC now owns 94,113 shares of the company’s stock valued at $9,841,000 after purchasing an additional 93,213 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of iShares U.S. Utilities ETF by 509.8% during the first quarter. Jones Financial Companies Lllp now owns 90,746 shares of the company’s stock worth $9,203,000 after purchasing an additional 75,864 shares in the last quarter.

iShares U.S. Utilities ETF Stock Performance

IDU stock opened at $108.59 on Monday. The firm has a market cap of $1.47 billion, a P/E ratio of 21.72 and a beta of 0.61. iShares U.S. Utilities ETF has a 1 year low of $91.91 and a 1 year high of $117.74. The stock has a 50-day simple moving average of $112.56 and a 200-day simple moving average of $108.96.

iShares U.S. Utilities ETF 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.