PNC Financial Services Group Inc. Decreases Stake in iShares U.S. Utilities ETF (NYSEARCA:IDU)

PNC Financial Services Group Inc. lowered its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,852 shares of the company’s stock after selling 903 shares during the quarter. PNC Financial Services Group Inc. owned 0.28% of iShares U.S. Utilities ETF worth $2,386,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lincoln National Corp raised its stake in shares of iShares U.S. Utilities ETF by 344.1% in the 4th quarter. Lincoln National Corp now owns 17,350 shares of the company’s stock valued at $1,387,000 after acquiring an additional 13,443 shares during the period. Stratos Wealth Advisors LLC raised its position in iShares U.S. Utilities ETF by 3.0% in the 4th quarter. Stratos Wealth Advisors LLC now owns 27,291 shares of the company’s stock valued at $2,181,000 after purchasing an additional 803 shares during the last quarter. Picton Mahoney Asset Management raised its position in iShares U.S. Utilities ETF by 128.7% during the 4th quarter. Picton Mahoney Asset Management now owns 4,300 shares of the company’s stock worth $343,000 after buying an additional 2,420 shares during the last quarter. Kellett Wealth Advisors LLC purchased a new position in iShares U.S. Utilities ETF during the 4th quarter worth $952,000. Finally, Wealthspire Advisors LLC purchased a new position in iShares U.S. Utilities ETF during the 4th quarter worth $217,000.

iShares U.S. Utilities ETF Stock Up 0.8 %

NYSEARCA:IDU opened at $88.94 on Friday. iShares U.S. Utilities ETF has a fifty-two week low of $68.87 and a fifty-two week high of $92.69. The stock has a market cap of $956.11 million, a PE ratio of 25.14 and a beta of 0.48. The firm’s fifty day simple moving average is $88.55 and its 200-day simple moving average is $83.07.

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.