Atlantic Edge Private Wealth Management LLC trimmed its stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) by 9.0% in the 4th quarter, Holdings Channel reports. The firm owned 1,525 shares of the company’s stock after selling 150 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in iShares U.S. Utilities ETF were worth $147,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. New Wave Wealth Advisors LLC purchased a new stake in shares of iShares U.S. Utilities ETF in the fourth quarter worth $117,000. Trilogy Capital Inc. purchased a new stake in shares of iShares U.S. Utilities ETF in the third quarter worth $206,000. Vertex Planning Partners LLC purchased a new stake in shares of iShares U.S. Utilities ETF in the third quarter worth $211,000. Rede Wealth LLC purchased a new stake in shares of iShares U.S. Utilities ETF in the third quarter worth $212,000. Finally, Keystone Wealth Services LLC purchased a new stake in shares of iShares U.S. Utilities ETF in the third quarter worth $216,000.
iShares U.S. Utilities ETF Stock Performance
IDU opened at $101.01 on Tuesday. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48. The company has a fifty day moving average of $98.51 and a 200 day moving average of $98.98. iShares U.S. Utilities ETF has a fifty-two week low of $75.93 and a fifty-two week 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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