iShares U.S. Utilities ETF (NYSEARCA:IDU) Sees Strong Trading Volume – Time to Buy?

Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) saw an uptick in trading volume on Thursday . 543,848 shares changed hands during mid-day trading, an increase of 144% from the previous session’s volume of 222,433 shares.The stock last traded at $99.94 and had previously closed at $99.61.

iShares U.S. Utilities ETF Stock Performance

The company has a market cap of $1.08 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48. The company’s 50 day moving average price is $99.47 and its 200-day moving average price is $98.06.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Independence Bank of Kentucky boosted its stake in iShares U.S. Utilities ETF by 2.3% in the 3rd quarter. Independence Bank of Kentucky now owns 6,979 shares of the company’s stock worth $712,000 after purchasing an additional 160 shares during the period. HBW Advisory Services LLC lifted its holdings in shares of iShares U.S. Utilities ETF by 4.1% in the third quarter. HBW Advisory Services LLC now owns 5,018 shares of the company’s stock valued at $512,000 after purchasing an additional 197 shares in the last quarter. EP Wealth Advisors LLC boosted its position in shares of iShares U.S. Utilities ETF by 7.2% in the third quarter. EP Wealth Advisors LLC now owns 4,784 shares of the company’s stock worth $488,000 after buying an additional 323 shares during the period. Koshinski Asset Management Inc. grew its holdings in shares of iShares U.S. Utilities ETF by 3.8% during the third quarter. Koshinski Asset Management Inc. now owns 11,182 shares of the company’s stock valued at $1,141,000 after buying an additional 406 shares in the last quarter. Finally, Advisors Management Group Inc. ADV grew its holdings in shares of iShares U.S. Utilities ETF by 2.3% during the third quarter. Advisors Management Group Inc. ADV now owns 19,022 shares of the company’s stock valued at $1,941,000 after buying an additional 420 shares in the last quarter.

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.