iShares U.S. Utilities ETF (NYSEARCA:IDU) Position Boosted by WESPAC Advisors LLC

WESPAC Advisors LLC increased its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 20.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,562 shares of the company’s stock after buying an additional 604 shares during the quarter. WESPAC Advisors LLC’s holdings in iShares U.S. Utilities ETF were worth $343,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its stake in iShares U.S. Utilities ETF by 30.1% during the 3rd quarter. Stifel Financial Corp now owns 9,093 shares of the company’s stock valued at $928,000 after purchasing an additional 2,103 shares in the last quarter. Creative Planning bought a new position in iShares U.S. Utilities ETF during the 3rd quarter valued at $349,000. JPMorgan Chase & Co. boosted its stake in iShares U.S. Utilities ETF by 30.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,005 shares of the company’s stock valued at $1,021,000 after purchasing an additional 2,343 shares in the last quarter. Raymond James & Associates boosted its stake in 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 valued at $2,557,000 after purchasing an additional 5,560 shares in the last quarter. Finally, Gimbal Financial bought a new position in iShares U.S. Utilities ETF during the 3rd quarter valued at $7,957,000.

iShares U.S. Utilities ETF Stock Performance

Shares of NYSEARCA IDU opened at $102.60 on Friday. The stock has a fifty day moving average price of $98.72 and a two-hundred day moving average price of $99.51. The firm has a market cap of $1.10 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 $78.07 and a 1 year high of $106.16.

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.