iShares U.S. Utilities ETF $IDU Position Trimmed by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 99.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,000 shares of the company’s stock after selling 725,611 shares during the period. Hsbc Holdings PLC’s holdings in iShares U.S. Utilities ETF were worth $348,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in IDU. Johnson Investment Counsel Inc. boosted its holdings in shares of iShares U.S. Utilities ETF by 3.1% during the fourth quarter. Johnson Investment Counsel Inc. now owns 3,283 shares of the company’s stock worth $356,000 after purchasing an additional 100 shares during the period. IHT Wealth Management LLC boosted its stake in shares of iShares U.S. Utilities ETF by 5.8% during the 4th quarter. IHT Wealth Management LLC now owns 1,966 shares of the company’s stock valued at $213,000 after buying an additional 108 shares during the period. Money Concepts Capital Corp boosted its stake in shares of iShares U.S. Utilities ETF by 3.3% during the 4th quarter. Money Concepts Capital Corp now owns 4,055 shares of the company’s stock valued at $439,000 after buying an additional 131 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of iShares U.S. Utilities ETF by 13.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,809 shares of the company’s stock valued at $196,000 after acquiring an additional 208 shares in the last quarter. Finally, Fiduciary Alliance LLC grew its holdings in shares of iShares U.S. Utilities ETF by 5.0% during the 1st quarter. Fiduciary Alliance LLC now owns 4,723 shares of the company’s stock valued at $549,000 after acquiring an additional 223 shares in the last quarter.

iShares U.S. Utilities ETF Trading Down 0.6%

NYSEARCA IDU opened at $112.39 on Friday. iShares U.S. Utilities ETF has a 1-year low of $105.06 and a 1-year high of $120.82. The company has a market capitalization of $1.40 billion, a PE ratio of 21.72 and a beta of 0.58. The firm’s fifty day simple moving average is $113.88 and its 200-day simple moving average is $114.46.

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.