Hsbc Holdings PLC Grows Holdings in iShares U.S. Utilities ETF $IDU

Hsbc Holdings PLC grew its position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 24,187.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 728,611 shares of the company’s stock after purchasing an additional 725,611 shares during the quarter. Hsbc Holdings PLC owned 0.06% of iShares U.S. Utilities ETF worth $78,952,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE raised its position in shares of iShares U.S. Utilities ETF by 88.0% in the second quarter. Bank of America Corp DE now owns 938,296 shares of the company’s stock valued at $98,118,000 after buying an additional 439,316 shares during the last quarter. Pinkerton Wealth LLC acquired a new stake in iShares U.S. Utilities ETF during the third quarter worth approximately $37,467,000. Sherman Porfolios LLC acquired a new stake in iShares U.S. Utilities ETF during the third quarter worth approximately $25,699,000. Camarda Financial Advisors LLC acquired a new stake in iShares U.S. Utilities ETF during the second quarter worth approximately $13,327,000. Finally, Goldman Sachs Group Inc. grew its stake in iShares U.S. Utilities ETF by 629.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 127,535 shares of the company’s stock worth $13,820,000 after acquiring an additional 110,043 shares during the period.

iShares U.S. Utilities ETF Stock Performance

Shares of IDU opened at $115.75 on Friday. The stock has a fifty day moving average of $113.62 and a two-hundred day moving average of $113.51. The company has a market capitalization of $1.41 billion, a PE ratio of 21.72 and a beta of 0.58. iShares U.S. Utilities ETF has a fifty-two week low of $102.91 and a fifty-two week high of $120.82.

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