Private Advisor Group LLC Sells 12,311 Shares of iShares U.S. Utilities ETF $IDU

Private Advisor Group LLC trimmed its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 30.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,509 shares of the company’s stock after selling 12,311 shares during the quarter. Private Advisor Group LLC owned about 0.20% of iShares U.S. Utilities ETF worth $3,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Johnson Investment Counsel Inc. grew its holdings in iShares U.S. Utilities ETF by 3.1% in the fourth quarter. Johnson Investment Counsel Inc. now owns 3,283 shares of the company’s stock worth $356,000 after purchasing an additional 100 shares during the period. IHT Wealth Management LLC lifted its holdings in shares of iShares U.S. Utilities ETF by 5.8% during the fourth quarter. IHT Wealth Management LLC now owns 1,966 shares of the company’s stock valued at $213,000 after purchasing an additional 108 shares during the last quarter. Money Concepts Capital Corp boosted its position in shares of iShares U.S. Utilities ETF by 3.3% in the 4th quarter. Money Concepts Capital Corp now owns 4,055 shares of the company’s stock worth $439,000 after purchasing an additional 131 shares in the last quarter. Wealth Management Associates Inc. boosted its position in shares of iShares U.S. Utilities ETF by 2.2% in the 4th quarter. Wealth Management Associates Inc. now owns 7,914 shares of the company’s stock worth $858,000 after purchasing an additional 167 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of iShares U.S. Utilities ETF by 13.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,809 shares of the company’s stock worth $196,000 after buying an additional 208 shares during the last quarter.

iShares U.S. Utilities ETF Stock Down 0.8%

iShares U.S. Utilities ETF stock opened at $115.08 on Thursday. iShares U.S. Utilities ETF has a twelve month low of $103.52 and a twelve month high of $120.82. The company has a market capitalization of $1.39 billion, a P/E ratio of 21.72 and a beta of 0.58. The stock’s 50 day moving average is $113.53 and its 200 day moving average is $113.69.

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.