Concurrent Investment Advisors LLC Has $4.76 Million Holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Concurrent Investment Advisors LLC raised its stake in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 1.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 46,656 shares of the company’s stock after buying an additional 579 shares during the period. Concurrent Investment Advisors LLC’s holdings in iShares U.S. Utilities ETF were worth $4,760,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IDU. Envestnet Portfolio Solutions Inc. raised its position in shares of iShares U.S. Utilities ETF by 10.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,792 shares of the company’s stock valued at $236,000 after acquiring an additional 259 shares during the period. Wealthspire Advisors LLC raised its holdings in iShares U.S. Utilities ETF by 14.9% in 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. boosted its position 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 in the last quarter. Jaffetilchin Investment Partners LLC grew its holdings in shares of iShares U.S. Utilities ETF by 31.2% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 8,653 shares of the company’s stock valued at $731,000 after buying an additional 2,059 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of iShares U.S. Utilities ETF by 155.1% in the 1st quarter. Cetera Investment Advisers now owns 21,499 shares of the company’s stock valued at $1,817,000 after buying an additional 13,070 shares in the last quarter.

iShares U.S. Utilities ETF Trading Down 0.7 %

Shares of iShares U.S. Utilities ETF stock opened at $99.00 on Thursday. The stock’s fifty day simple moving average is $100.42 and its 200 day simple moving average is $94.07. The company has a market capitalization of $1.06 billion, a PE ratio of 25.14 and a beta of 0.48. iShares U.S. Utilities ETF has a 12 month low of $74.84 and a 12 month 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.