iShares U.S. Utilities ETF (NYSEARCA:IDU) Reaches New 1-Year High at $86.27

Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $86.27 and last traded at $86.13, with a volume of 14103 shares trading hands. The stock had previously closed at $85.03.

iShares U.S. Utilities ETF Price Performance

The company’s 50 day moving average is $82.24 and its two-hundred day moving average is $79.36. The firm has a market cap of $896.27 million, a P/E ratio of 23.49 and a beta of 0.48.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IDU. Kellett Wealth Advisors LLC increased its holdings in shares of iShares U.S. Utilities ETF by 56.9% during the first quarter. Kellett Wealth Advisors LLC now owns 18,690 shares of the company’s stock worth $1,580,000 after buying an additional 6,781 shares in the last quarter. Advisors Management Group Inc. ADV increased its holdings in shares of iShares U.S. Utilities ETF by 3.6% during the first quarter. Advisors Management Group Inc. ADV now owns 18,568 shares of the company’s stock worth $1,569,000 after buying an additional 651 shares in the last quarter. Summit Financial LLC acquired a new stake in shares of iShares U.S. Utilities ETF during the first quarter worth approximately $205,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of iShares U.S. Utilities ETF by 4.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 101,617 shares of the company’s stock valued at $8,589,000 after purchasing an additional 3,911 shares during the last quarter. Finally, Retirement Planning Group LLC grew its stake in shares of iShares U.S. Utilities ETF by 6.7% during the first quarter. Retirement Planning Group LLC now owns 2,670 shares of the company’s stock valued at $226,000 after purchasing an additional 167 shares during the last quarter.

iShares U.S. Utilities ETF Company 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.