Cetera Investment Advisers Has $2.33 Million Position in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Cetera Investment Advisers grew its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 23.5% during the second quarter, Holdings Channel reports. The firm owned 26,551 shares of the company’s stock after acquiring an additional 5,052 shares during the quarter. Cetera Investment Advisers’ holdings in iShares U.S. Utilities ETF were worth $2,333,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in IDU. Bensler LLC increased its stake in iShares U.S. Utilities ETF by 2,672.0% in the second quarter. Bensler LLC now owns 188,659 shares of the company’s stock valued at $16,579,000 after purchasing an additional 181,853 shares in the last quarter. Pinkerton Retirement Specialists LLC acquired a new position in iShares U.S. Utilities ETF during the 2nd quarter worth approximately $8,491,000. Norden Group LLC bought a new position in iShares U.S. Utilities ETF in the second quarter worth approximately $7,168,000. Moloney Securities Asset Management LLC acquired a new stake in iShares U.S. Utilities ETF in the second quarter valued at approximately $7,051,000. Finally, Brookstone Capital Management bought a new stake in shares of iShares U.S. Utilities ETF during the second quarter valued at approximately $4,768,000.

iShares U.S. Utilities ETF Stock Up 0.8 %

Shares of NYSEARCA:IDU opened at $100.42 on Friday. The stock’s 50 day moving average is $97.97 and its 200-day moving average is $91.78. iShares U.S. Utilities ETF has a twelve month low of $71.73 and a twelve month high of $103.41. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48.

iShares U.S. Utilities ETF 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.