Rede Wealth LLC Invests $212,000 in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Rede Wealth LLC purchased a new position in iShares U.S. Utilities ETF (NYSEARCA:IDU) during the third quarter, Holdings Channel.com reports. The fund purchased 2,074 shares of the company’s stock, valued at approximately $212,000.

Other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in shares of iShares U.S. Utilities ETF in the second quarter valued at $29,000. Chris Bulman Inc bought a new stake in iShares U.S. Utilities ETF in the 2nd quarter valued at about $33,000. Mather Group LLC. purchased a new stake in iShares U.S. Utilities ETF during the first quarter valued at about $59,000. Strategic Investment Solutions Inc. IL bought a new position in iShares U.S. Utilities ETF during the second quarter worth about $62,000. Finally, Yeomans Consulting Group Inc. purchased a new position in shares of iShares U.S. Utilities ETF in the second quarter worth about $200,000.

iShares U.S. Utilities ETF Trading Up 0.5 %

Shares of IDU stock traded up $0.51 during trading on Friday, reaching $103.61. 42,357 shares of the company’s stock traded hands, compared to its average volume of 122,141. The firm’s 50-day moving average is $98.94 and its 200 day moving average is $92.43. The company has a market capitalization of $1.11 billion, a P/E ratio of 25.14 and a beta of 0.48. iShares U.S. Utilities ETF has a 1 year low of $71.73 and a 1 year high of $104.15.

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.