CPR Investments Inc. Acquires Shares of 24,663 iShares U.S. Utilities ETF (NYSEARCA:IDU)

CPR Investments Inc. bought a new position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 24,663 shares of the company’s stock, valued at approximately $2,373,000. iShares U.S. Utilities ETF comprises about 2.1% of CPR Investments Inc.’s investment portfolio, making the stock its 12th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IDU. Envestnet Asset Management Inc. grew its holdings in iShares U.S. Utilities ETF by 25.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 76,830 shares of the company’s stock worth $6,752,000 after acquiring an additional 15,468 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of iShares U.S. Utilities ETF by 9.3% during the second quarter. AE Wealth Management LLC now owns 38,156 shares of the company’s stock worth $3,353,000 after purchasing an additional 3,232 shares during the last quarter. Holderness Investments Co. grew its stake in iShares U.S. Utilities ETF by 1.3% in the second quarter. Holderness Investments Co. now owns 13,917 shares of the company’s stock worth $1,223,000 after purchasing an additional 179 shares in the last quarter. NewEdge Advisors LLC increased its holdings in iShares U.S. Utilities ETF by 2.6% in the second quarter. NewEdge Advisors LLC now owns 18,553 shares of the company’s stock valued at $1,630,000 after buying an additional 476 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its stake in iShares U.S. Utilities ETF by 101.9% during the second quarter. Sunbelt Securities Inc. now owns 3,269 shares of the company’s stock valued at $287,000 after buying an additional 1,650 shares in the last quarter.

iShares U.S. Utilities ETF Trading Up 1.1 %

Shares of IDU opened at $96.35 on Wednesday. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48. iShares U.S. Utilities ETF has a 52 week low of $75.93 and a 52 week high of $106.16. The stock has a 50 day moving average of $99.50 and a 200-day moving average of $97.62.

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.