Advisors Management Group Inc. ADV Boosts Position in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Advisors Management Group Inc. ADV boosted its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 7.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 20,375 shares of the company’s stock after buying an additional 1,353 shares during the quarter. Advisors Management Group Inc. ADV’s holdings in iShares U.S. Utilities ETF were worth $1,960,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Independence Bank of Kentucky raised its stake in iShares U.S. Utilities ETF by 2.3% in the third quarter. Independence Bank of Kentucky now owns 6,979 shares of the company’s stock worth $712,000 after buying an additional 160 shares in the last quarter. Holderness Investments Co. grew its stake in shares of iShares U.S. Utilities ETF by 1.3% during the 2nd quarter. Holderness Investments Co. now owns 13,917 shares of the company’s stock valued at $1,223,000 after purchasing an additional 179 shares during the period. HBW Advisory Services LLC grew its position in shares of iShares U.S. Utilities ETF by 4.1% during the 3rd quarter. HBW Advisory Services LLC now owns 5,018 shares of the company’s stock valued at $512,000 after acquiring an additional 197 shares during the period. EP Wealth Advisors LLC raised its stake in shares of iShares U.S. Utilities ETF by 7.2% in the third quarter. EP Wealth Advisors LLC now owns 4,784 shares of the company’s stock worth $488,000 after buying an additional 323 shares during the period. Finally, Koshinski Asset Management Inc. boosted its position in shares of iShares U.S. Utilities ETF by 3.8% in the third quarter. Koshinski Asset Management Inc. now owns 11,182 shares of the company’s stock worth $1,141,000 after purchasing an additional 406 shares during the period.

iShares U.S. Utilities ETF Price Performance

iShares U.S. Utilities ETF stock opened at $97.73 on Thursday. iShares U.S. Utilities ETF has a 1 year low of $75.93 and a 1 year high of $106.16. The firm’s 50 day moving average price is $99.47 and its 200-day moving average price is $97.62. The stock has a market cap of $1.05 billion, a P/E ratio of 25.14 and a beta of 0.48.

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.