Forvis Mazars Wealth Advisors LLC lessened its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) by 3.8% during the 4th quarter, Holdings Channel reports. The firm owned 8,552 shares of the company’s stock after selling 340 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in iShares U.S. Utilities ETF were worth $823,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Utilities ETF during the 4th quarter worth about $117,000. Vertex Planning Partners LLC purchased a new position in iShares U.S. Utilities ETF in the third quarter valued at approximately $211,000. Hilltop Holdings Inc. acquired a new stake in iShares U.S. Utilities ETF during the third quarter worth approximately $224,000. REDW Wealth LLC purchased a new stake in shares of iShares U.S. Utilities ETF during the 3rd quarter worth approximately $228,000. Finally, TPG Advisors LLC acquired a new position in shares of iShares U.S. Utilities ETF in the 3rd quarter valued at $229,000.
iShares U.S. Utilities ETF Price Performance
NYSEARCA IDU opened at $102.60 on Monday. The firm’s fifty day moving average price is $98.72 and its 200 day moving average price is $99.55. iShares U.S. Utilities ETF has a 12 month low of $78.07 and a 12 month high of $106.16. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48.
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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