1,953 Shares in iShares U.S. Utilities ETF $IDU Bought by Valmark Advisers Inc.

Valmark Advisers Inc. acquired a new position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,953 shares of the company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IDU. Hsbc Holdings PLC purchased a new stake in iShares U.S. Utilities ETF in the first quarter valued at about $64,411,000. MinichMacGregor Wealth Management LLC purchased a new stake in iShares U.S. Utilities ETF in the first quarter valued at about $11,476,000. Jones Financial Companies Lllp raised its stake in iShares U.S. Utilities ETF by 509.8% in the first quarter. Jones Financial Companies Lllp now owns 90,746 shares of the company’s stock valued at $9,203,000 after buying an additional 75,864 shares during the last quarter. Summit Financial Consulting LLC purchased a new stake in iShares U.S. Utilities ETF in the second quarter valued at about $5,535,000. Finally, CacheTech Inc. purchased a new stake in iShares U.S. Utilities ETF in the first quarter valued at about $3,855,000.

iShares U.S. Utilities ETF Stock Performance

iShares U.S. Utilities ETF stock opened at $113.93 on Friday. The stock has a 50-day moving average of $109.37 and a two-hundred day moving average of $105.30. iShares U.S. Utilities ETF has a one year low of $91.91 and a one year high of $115.36. The stock has a market cap of $1.53 billion, a PE ratio of 21.72 and a beta of 0.53.

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.