AE Wealth Management LLC Raises Stock Holdings in iShares U.S. Utilities ETF $IDU

AE Wealth Management LLC grew its stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 17.4% during the third quarter, Holdings Channel reports. The institutional investor owned 95,948 shares of the company’s stock after buying an additional 14,252 shares during the period. AE Wealth Management LLC’s holdings in iShares U.S. Utilities ETF were worth $10,641,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in IDU. Brendel Financial Advisors LLC bought a new stake in iShares U.S. Utilities ETF during the third quarter valued at about $951,000. Sovran Advisors LLC bought a new position in shares of iShares U.S. Utilities ETF in the third quarter worth about $920,000. Commonwealth Equity Services LLC grew its position in shares of iShares U.S. Utilities ETF by 9.8% during the third quarter. Commonwealth Equity Services LLC now owns 118,733 shares of the company’s stock worth $13,167,000 after purchasing an additional 10,594 shares in the last quarter. Farther Finance Advisors LLC raised its stake in iShares U.S. Utilities ETF by 34.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,177 shares of the company’s stock valued at $123,000 after purchasing an additional 299 shares during the period. Finally, Osaic Holdings Inc. raised its stake in iShares U.S. Utilities ETF by 72.0% during the 2nd quarter. Osaic Holdings Inc. now owns 87,941 shares of the company’s stock valued at $9,202,000 after purchasing an additional 36,800 shares during the period.

iShares U.S. Utilities ETF Trading Down 0.2%

NYSEARCA IDU opened at $109.81 on Friday. iShares U.S. Utilities ETF has a 12 month low of $91.91 and a 12 month high of $117.74. The stock has a market cap of $1.44 billion, a PE ratio of 21.72 and a beta of 0.61. The stock’s 50 day moving average is $109.42 and its 200 day moving average is $110.00.

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.