Wealthstar Advisors LLC Has $2.24 Million Stake in iShares U.S. Utilities ETF $IDU

Wealthstar Advisors LLC lowered its stake in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 21.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,273 shares of the company’s stock after selling 5,393 shares during the quarter. iShares U.S. Utilities ETF accounts for approximately 1.0% of Wealthstar Advisors LLC’s portfolio, making the stock its 15th largest position. Wealthstar Advisors LLC owned approximately 0.13% of iShares U.S. Utilities ETF worth $2,238,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bank of America Corp DE grew its holdings in iShares U.S. Utilities ETF by 5.5% in the third quarter. Bank of America Corp DE now owns 989,938 shares of the company’s stock worth $109,784,000 after purchasing an additional 51,642 shares during the period. Hsbc Holdings PLC increased its stake in iShares U.S. Utilities ETF by 24,187.0% in the fourth quarter. Hsbc Holdings PLC now owns 728,611 shares of the company’s stock valued at $78,952,000 after purchasing an additional 725,611 shares in the last quarter. LPL Financial LLC increased its stake in iShares U.S. Utilities ETF by 14.0% in the fourth quarter. LPL Financial LLC now owns 411,813 shares of the company’s stock valued at $44,624,000 after purchasing an additional 50,692 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of iShares U.S. Utilities ETF by 6.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 404,651 shares of the company’s stock valued at $43,848,000 after purchasing an additional 23,361 shares during the period. Finally, Pinkerton Wealth LLC raised its holdings in shares of iShares U.S. Utilities ETF by 8.6% during the fourth quarter. Pinkerton Wealth LLC now owns 366,993 shares of the company’s stock valued at $39,767,000 after purchasing an additional 29,151 shares during the period.

iShares U.S. Utilities ETF Price Performance

IDU stock opened at $115.75 on Friday. The company’s 50-day moving average is $113.62 and its 200-day moving average is $113.51. The stock has a market capitalization of $1.41 billion, a PE ratio of 21.72 and a beta of 0.58. iShares U.S. Utilities ETF has a 1 year low of $102.91 and a 1 year high of $120.82.

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