iShares U.S. Utilities ETF (NYSEARCA:IDU) Sees Strong Trading Volume

iShares U.S. Utilities ETF (NYSEARCA:IDU) shares saw strong trading volume on Monday . 101,735 shares were traded during trading, a decline of 18% from the previous session’s volume of 124,300 shares.The stock last traded at $96.89 and had previously closed at $96.51.

iShares U.S. Utilities ETF Price Performance

The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48. The stock has a fifty day moving average of $92.89 and a 200 day moving average of $88.45.

Institutional Investors Weigh In On iShares U.S. Utilities ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bensler LLC lifted its holdings 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 acquiring an additional 181,853 shares during the period. Pinkerton Retirement Specialists LLC acquired a new position in iShares U.S. Utilities ETF in the second quarter valued at approximately $8,491,000. Norden Group LLC acquired a new position in iShares U.S. Utilities ETF in the second quarter valued at approximately $7,168,000. Moloney Securities Asset Management LLC acquired a new position in iShares U.S. Utilities ETF in the second quarter valued at approximately $7,051,000. Finally, Brookstone Capital Management acquired a new position in iShares U.S. Utilities ETF in the second quarter valued at approximately $4,768,000.

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.