Great Lakes Advisors LLC cut its position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) by 4.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,328 shares of the company’s stock after selling 713 shares during the quarter. Great Lakes Advisors LLC owned about 0.14% of iShares U.S. Utilities ETF worth $1,475,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. OneDigital Investment Advisors LLC bought a new stake in iShares U.S. Utilities ETF in the third quarter worth $641,000. Thrivent Financial for Lutherans bought a new position in shares of iShares U.S. Utilities ETF during the third quarter valued at $240,000. Vertex Planning Partners LLC bought a new position in shares of iShares U.S. Utilities ETF during the third quarter valued at $211,000. Second Half Financial Partners LLC bought a new position in shares of iShares U.S. Utilities ETF during the third quarter valued at $6,398,000. Finally, Navellier & Associates Inc. bought a new position in shares of iShares U.S. Utilities ETF during the third quarter valued at $898,000.
iShares U.S. Utilities ETF Price Performance
Shares of NYSEARCA:IDU opened at $100.93 on Friday. The stock’s fifty day moving average price is $99.84 and its 200-day moving average price is $100.07. The company has a market cap of $1.46 billion, a P/E ratio of 21.58 and a beta of 0.61. iShares U.S. Utilities ETF has a 1 year low of $80.68 and a 1 year high of $106.16.
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.
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