iShares U.S. Utilities ETF (NYSEARCA:IDU) Sets New 12-Month Low – Here’s What Happened

Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) reached a new 52-week low on Tuesday . The stock traded as low as $105.45 and last traded at $105.65, with a volume of 1526 shares traded. The stock had previously closed at $107.94.

iShares U.S. Utilities ETF Trading Down 0.1%

The stock has a market capitalization of $1.32 billion, a PE ratio of 21.72 and a beta of 0.57. The firm has a 50-day moving average price of $111.60 and a 200-day moving average price of $113.88.

Hedge Funds Weigh In On iShares U.S. Utilities ETF

Several institutional investors have recently added to or reduced their stakes in IDU. NewEdge Advisors LLC raised its position in iShares U.S. Utilities ETF by 12.2% in the second quarter. NewEdge Advisors LLC now owns 6,383 shares of the company’s stock worth $732,000 after acquiring an additional 694 shares during the period. Waverly Advisors LLC grew its position in shares of iShares U.S. Utilities ETF by 1.3% during the 2nd quarter. Waverly Advisors LLC now owns 18,043 shares of the company’s stock valued at $2,068,000 after acquiring an additional 240 shares during the period. Citadel Advisors LLC grew its position in shares of iShares U.S. Utilities ETF by 863.9% during the 2nd quarter. Citadel Advisors LLC now owns 20,771 shares of the company’s stock valued at $2,381,000 after acquiring an additional 18,616 shares during the period. TD Waterhouse Canada Inc. increased its stake in shares of iShares U.S. Utilities ETF by 155.1% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 8,055 shares of the company’s stock worth $911,000 after purchasing an additional 4,897 shares during the last quarter. Finally, XML Financial LLC increased its stake in shares of iShares U.S. Utilities ETF by 7.5% during the 2nd quarter. XML Financial LLC now owns 2,173 shares of the company’s stock worth $249,000 after purchasing an additional 152 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.