iShares U.S. Utilities ETF $IDU Shares Sold by Forte Asset Management LLC

Forte Asset Management LLC lowered its stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 17.8% during the third quarter, Holdings Channel reports. The fund owned 43,100 shares of the company’s stock after selling 9,330 shares during the period. iShares U.S. Utilities ETF comprises 1.8% of Forte Asset Management LLC’s investment portfolio, making the stock its 20th largest position. Forte Asset Management LLC’s holdings in iShares U.S. Utilities ETF were worth $4,346,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Fifth Third Bancorp boosted its holdings in iShares U.S. Utilities ETF by 12,706.0% in the first quarter. Fifth Third Bancorp now owns 10,757 shares of the company’s stock valued at $1,249,000 after purchasing an additional 10,673 shares during the period. Hsbc Holdings PLC grew 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 purchasing an additional 725,611 shares in the last quarter. Sanctuary Advisors LLC grew its stake in iShares U.S. Utilities ETF by 100.4% during the 1st quarter. Sanctuary Advisors LLC now owns 36,303 shares of the company’s stock worth $4,215,000 after purchasing an additional 18,185 shares in the last quarter. Sovran Advisors LLC increased its holdings in iShares U.S. Utilities ETF by 134.5% during the 1st quarter. Sovran Advisors LLC now owns 19,752 shares of the company’s stock worth $2,337,000 after purchasing an additional 11,330 shares during the period. Finally, TD Waterhouse Canada Inc. increased its holdings in 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 period.

iShares U.S. Utilities ETF Price Performance

IDU stock opened at $106.74 on Wednesday. The firm has a market capitalization of $1.44 billion, a P/E ratio of 21.72 and a beta of 0.56. The business’s 50-day moving average is $107.22 and its two-hundred day moving average is $111.97. iShares U.S. Utilities ETF has a 1 year low of $100.00 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.