iShares U.S. Utilities ETF (NYSEARCA:IDU) Sees Strong Trading Volume

Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) saw strong trading volume on Tuesday . 50,338 shares traded hands during trading, an increase of 10% from the previous session’s volume of 45,955 shares.The stock last traded at $80.79 and had previously closed at $81.88.

iShares U.S. Utilities ETF Trading Up 1.6 %

The stock’s fifty day moving average is $81.22 and its 200 day moving average is $78.68. The company has a market capitalization of $883.97 million, a P/E ratio of 22.50 and a beta of 0.53.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. ICA Group Wealth Management LLC purchased a new position in iShares U.S. Utilities ETF during the 4th quarter valued at $25,000. Coppell Advisory Solutions LLC purchased a new position in iShares U.S. Utilities ETF during the 2nd quarter valued at $26,000. Qube Research & Technologies Ltd purchased a new position in iShares U.S. Utilities ETF during the 3rd quarter valued at $29,000. Wetzel Investment Advisors Inc. purchased a new position in iShares U.S. Utilities ETF during the 4th quarter valued at $41,000. Finally, Harbour Investments Inc. increased its position in iShares U.S. Utilities ETF by 64.8% during the 4th quarter. Harbour Investments Inc. now owns 595 shares of the company’s stock valued at $48,000 after purchasing an additional 234 shares during the period.

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.