iShares U.S. Utilities ETF (NYSEARCA:IDU) Sees Large Volume Increase – Still a Buy?

iShares U.S. Utilities ETF (NYSEARCA:IDU) saw unusually-strong trading volume on Thursday . Approximately 191,497 shares traded hands during mid-day trading, an increase of 17% from the previous session’s volume of 163,794 shares.The stock last traded at $116.88 and had previously closed at $116.31.

iShares U.S. Utilities ETF Stock Performance

The company has a 50 day simple moving average of $116.75 and a 200 day simple moving average of $113.01. The company has a market capitalization of $1.67 billion, a PE ratio of 21.72 and a beta of 0.66.

Institutional Investors Weigh In On iShares U.S. Utilities ETF

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in iShares U.S. Utilities ETF by 5.5% during the 3rd quarter. Bank of America Corp DE now owns 989,938 shares of the company’s stock worth $109,784,000 after buying an additional 51,642 shares in the last quarter. Hsbc Holdings PLC increased its stake in iShares U.S. Utilities ETF by 24,187.0% during the 4th quarter. Hsbc Holdings PLC now owns 728,611 shares of the company’s stock worth $78,952,000 after buying an additional 725,611 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of iShares U.S. Utilities ETF by 14.0% during the 4th quarter. LPL Financial LLC now owns 411,813 shares of the company’s stock worth $44,624,000 after purchasing an additional 50,692 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of iShares U.S. Utilities ETF by 6.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 404,651 shares of the company’s stock worth $43,848,000 after purchasing an additional 23,361 shares during the last quarter. Finally, Pinkerton Wealth LLC boosted its holdings in shares of iShares U.S. Utilities ETF by 8.6% during the 4th quarter. Pinkerton Wealth LLC now owns 366,993 shares of the company’s stock worth $39,767,000 after purchasing an additional 29,151 shares during the last quarter.

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.