Corient Private Wealth LLC Increases Stake in iShares U.S. Utilities ETF $IDU

Corient Private Wealth LLC raised its position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 940.4% in the fourth quarter, Holdings Channel reports. The firm owned 21,433 shares of the company’s stock after acquiring an additional 19,373 shares during the quarter. Corient Private Wealth LLC’s holdings in iShares U.S. Utilities ETF were worth $2,322,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of IDU. Pinkerton Wealth LLC purchased a new stake in shares of iShares U.S. Utilities ETF during the third quarter valued at approximately $37,467,000. Apollon Wealth Management LLC purchased a new position in iShares U.S. Utilities ETF in the 4th quarter worth approximately $631,000. Koshinski Asset Management Inc. purchased a new position in iShares U.S. Utilities ETF in the 4th quarter worth approximately $1,467,000. Buck Wealth Strategies LLC purchased a new position in iShares U.S. Utilities ETF in the 4th quarter worth approximately $853,000. Finally, Summit Financial Consulting LLC lifted its position in iShares U.S. Utilities ETF by 10.9% in the 4th quarter. Summit Financial Consulting LLC now owns 65,479 shares of the company’s stock valued at $7,095,000 after acquiring an additional 6,446 shares in the last quarter.

iShares U.S. Utilities ETF Stock Performance

Shares of IDU opened at $116.82 on Monday. The business’s fifty day simple moving average is $113.64 and its two-hundred day simple moving average is $113.31. iShares U.S. Utilities ETF has a 12 month low of $102.91 and a 12 month high of $120.82. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 21.72 and a beta of 0.58.

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. Its components primarily include utilities companies. BlackRock Fund Advisors acts as an investment adviser of the Fund.