iShares U.S. Utilities ETF (NYSEARCA:IDU) Reaches New 1-Year High at $96.21

iShares U.S. Utilities ETF (NYSEARCA:IDU)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $96.21 and last traded at $96.08, with a volume of 9830 shares traded. The stock had previously closed at $95.42.

iShares U.S. Utilities ETF Price Performance

The business has a fifty day moving average price of $90.80 and a 200 day moving average price of $86.70. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bensler LLC grew its holdings in iShares U.S. Utilities ETF by 2,672.0% during the second quarter. Bensler LLC now owns 188,659 shares of the company’s stock worth $16,579,000 after acquiring an additional 181,853 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of iShares U.S. Utilities ETF by 11.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 124,841 shares of the company’s stock worth $10,971,000 after purchasing an additional 12,692 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of iShares U.S. Utilities ETF by 19.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 121,434 shares of the company’s stock worth $10,672,000 after purchasing an additional 19,817 shares in the last quarter. Pinkerton Retirement Specialists LLC acquired a new stake in iShares U.S. Utilities ETF during the second quarter valued at approximately $8,491,000. Finally, Norden Group LLC acquired a new stake in iShares U.S. Utilities ETF during the second quarter valued at approximately $7,168,000.

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.