Balboa Wealth Partners Sells 7,161 Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU)

Balboa Wealth Partners reduced its stake in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 23.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 23,266 shares of the company’s stock after selling 7,161 shares during the period. Balboa Wealth Partners’ holdings in iShares U.S. Utilities ETF were worth $2,238,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of IDU. Raymond James Financial Inc. bought a new position in iShares U.S. Utilities ETF in the fourth quarter worth about $18,143,000. Second Half Financial Partners LLC bought a new position in shares of iShares U.S. Utilities ETF during the third quarter valued at approximately $6,398,000. Flow Traders U.S. LLC increased its stake in shares of iShares U.S. Utilities ETF by 487.1% during the third quarter. Flow Traders U.S. LLC now owns 35,000 shares of the company’s stock valued at $3,571,000 after purchasing an additional 29,039 shares in the last quarter. CPR Investments Inc. bought a new position in shares of iShares U.S. Utilities ETF during the fourth quarter valued at approximately $2,373,000. Finally, Wealthstar Advisors LLC bought a new position in shares of iShares U.S. Utilities ETF during the fourth quarter valued at approximately $1,665,000.

iShares U.S. Utilities ETF Stock Performance

Shares of NYSEARCA IDU opened at $98.95 on Thursday. iShares U.S. Utilities ETF has a fifty-two week low of $80.68 and a fifty-two week high of $106.16. The company has a 50 day simple moving average of $99.67 and a two-hundred day simple moving average of $100.03. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 21.58 and a beta of 0.61.

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.