Moloney Securities Asset Management LLC Has $8.51 Million Stake in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Moloney Securities Asset Management LLC grew its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 3.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 83,394 shares of the company’s stock after acquiring an additional 3,158 shares during the period. iShares U.S. Utilities ETF comprises 1.1% of Moloney Securities Asset Management LLC’s holdings, making the stock its 12th biggest position. Moloney Securities Asset Management LLC’s holdings in iShares U.S. Utilities ETF were worth $8,508,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. increased its stake in shares of iShares U.S. Utilities ETF by 10.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,792 shares of the company’s stock worth $236,000 after purchasing an additional 259 shares during the period. Wealthspire Advisors LLC increased its stake in shares of iShares U.S. Utilities ETF by 14.9% during the first quarter. Wealthspire Advisors LLC now owns 3,123 shares of the company’s stock worth $264,000 after purchasing an additional 405 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in shares of iShares U.S. Utilities ETF by 39.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 3,724 shares of the company’s stock worth $315,000 after purchasing an additional 1,046 shares during the period. Jaffetilchin Investment Partners LLC increased its stake in shares of iShares U.S. Utilities ETF by 31.2% during the first quarter. Jaffetilchin Investment Partners LLC now owns 8,653 shares of the company’s stock worth $731,000 after purchasing an additional 2,059 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of iShares U.S. Utilities ETF by 155.1% during the first quarter. Cetera Investment Advisers now owns 21,499 shares of the company’s stock worth $1,817,000 after purchasing an additional 13,070 shares during the period.

iShares U.S. Utilities ETF Trading Down 1.0 %

Shares of NYSEARCA IDU opened at $98.12 on Tuesday. The business’s 50 day moving average is $100.29 and its 200-day moving average is $93.92. iShares U.S. Utilities ETF has a 1-year low of $74.84 and a 1-year high of $104.15. The firm has a market cap of $1.05 billion, a P/E ratio of 25.14 and a beta of 0.48.

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.