IHT Wealth Management LLC Buys New Holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU)

IHT Wealth Management LLC purchased a new position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) during the third quarter, HoldingsChannel reports. The firm purchased 2,375 shares of the company’s stock, valued at approximately $242,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hilltop Holdings Inc. bought a new stake in shares of iShares U.S. Utilities ETF during the third quarter valued at approximately $224,000. Flow Traders U.S. LLC lifted its holdings in shares of iShares U.S. Utilities ETF by 487.1% in the 3rd quarter. Flow Traders U.S. LLC now owns 35,000 shares of the company’s stock worth $3,571,000 after purchasing an additional 29,039 shares in the last quarter. Captrust Financial Advisors grew its position in iShares U.S. Utilities ETF by 21.5% in the 3rd quarter. Captrust Financial Advisors now owns 6,250 shares of the company’s stock valued at $638,000 after purchasing an additional 1,107 shares during the period. Glenmede Trust Co. NA bought a new stake in iShares U.S. Utilities ETF during the 3rd quarter valued at $245,000. Finally, Townsquare Capital LLC raised its holdings in iShares U.S. Utilities ETF by 7.2% during the third quarter. Townsquare Capital LLC now owns 87,610 shares of the company’s stock worth $8,938,000 after buying an additional 5,894 shares during the last quarter.

iShares U.S. Utilities ETF Trading Down 0.6 %

iShares U.S. Utilities ETF stock opened at $99.59 on Wednesday. The firm’s fifty day moving average price is $101.86 and its two-hundred day moving average price is $96.35. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 25.14 and a beta of 0.48. iShares U.S. Utilities ETF has a 1-year low of $75.93 and a 1-year high of $106.16.

iShares U.S. Utilities ETF Company 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.