iShares U.S. Utilities ETF $IDU Shares Bought by Sovran Advisors LLC

Sovran Advisors LLC grew its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 134.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,752 shares of the company’s stock after buying an additional 11,330 shares during the period. Sovran Advisors LLC owned 0.14% of iShares U.S. Utilities ETF worth $2,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisors Management Group Inc. ADV raised its position in shares of iShares U.S. Utilities ETF by 1.0% during the 1st quarter. Advisors Management Group Inc. ADV now owns 20,980 shares of the company’s stock worth $2,436,000 after acquiring an additional 216 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in iShares U.S. Utilities ETF during the first quarter worth approximately $209,000. Kestra Advisory Services LLC boosted its holdings in iShares U.S. Utilities ETF by 10.7% in the first quarter. Kestra Advisory Services LLC now owns 8,628 shares of the company’s stock valued at $1,002,000 after purchasing an additional 832 shares in the last quarter. Money Concepts Capital Corp boosted its holdings in iShares U.S. Utilities ETF by 12.9% in the first quarter. Money Concepts Capital Corp now owns 4,578 shares of the company’s stock valued at $532,000 after purchasing an additional 523 shares in the last quarter. Finally, Astoria Portfolio Advisors LLC. purchased a new position in iShares U.S. Utilities ETF in the first quarter valued at approximately $642,000.

iShares U.S. Utilities ETF Stock Performance

IDU stock opened at $115.19 on Monday. iShares U.S. Utilities ETF has a twelve month low of $104.09 and a twelve month high of $120.82. The company’s 50 day moving average is $113.48 and its two-hundred day moving average is $113.79. The stock has a market cap of $1.39 billion, a P/E ratio of 21.72 and a beta of 0.58.

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. Its components primarily include utilities companies. BlackRock Fund Advisors acts as an investment adviser of the Fund.