Vertex Planning Partners LLC Invests $211,000 in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Vertex Planning Partners LLC purchased a new position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,065 shares of the company’s stock, valued at approximately $211,000.

A number of other large investors have also modified their holdings of the business. Creative Planning acquired a new position in iShares U.S. Utilities ETF during the third quarter worth $349,000. Raymond James & Associates grew its stake in shares of iShares U.S. Utilities ETF by 28.5% during the 3rd quarter. Raymond James & Associates now owns 25,068 shares of the company’s stock worth $2,557,000 after purchasing an additional 5,560 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of iShares U.S. Utilities ETF by 11.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 124,841 shares of the company’s stock valued at $10,971,000 after purchasing an additional 12,692 shares in the last quarter. Keystone Wealth Services LLC acquired a new stake in shares of iShares U.S. Utilities ETF in the third quarter valued at about $216,000. Finally, Gimbal Financial purchased a new stake in iShares U.S. Utilities ETF during the third quarter worth about $7,957,000.

iShares U.S. Utilities ETF Price Performance

NYSEARCA IDU opened at $101.62 on Tuesday. The business has a 50 day moving average price of $100.95 and a 200 day moving average price of $94.95. The company has a market capitalization of $1.09 billion, a P/E ratio of 25.14 and a beta of 0.48. iShares U.S. Utilities ETF has a 1-year low of $75.93 and a 1-year high of $104.15.

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.