Sunbelt Securities Inc. Buys 1,650 Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU)

Sunbelt Securities Inc. boosted its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 101.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,269 shares of the company’s stock after acquiring an additional 1,650 shares during the period. Sunbelt Securities Inc.’s holdings in iShares U.S. Utilities ETF were worth $287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bensler LLC grew its holdings in iShares U.S. Utilities ETF by 2,672.0% during the 2nd quarter. Bensler LLC now owns 188,659 shares of the company’s stock worth $16,579,000 after acquiring an additional 181,853 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in iShares U.S. Utilities ETF by 11.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 124,841 shares of the company’s stock worth $10,971,000 after acquiring an additional 12,692 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in iShares U.S. Utilities ETF by 19.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 121,434 shares of the company’s stock worth $10,672,000 after acquiring an additional 19,817 shares in the last quarter. Pinkerton Retirement Specialists LLC bought a new position in iShares U.S. Utilities ETF during the 2nd quarter worth about $8,491,000. Finally, Norden Group LLC bought a new position in iShares U.S. Utilities ETF during the 2nd quarter worth about $7,168,000.

iShares U.S. Utilities ETF Price Performance

Shares of iShares U.S. Utilities ETF stock opened at $102.77 on Thursday. iShares U.S. Utilities ETF has a 1 year low of $68.87 and a 1 year high of $102.83. The firm’s 50-day moving average is $96.54 and its two-hundred day moving average is $90.80. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48.

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.