Apollon Wealth Management LLC Reduces Stock Position in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Apollon Wealth Management LLC trimmed its position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 126,126 shares of the company’s stock after selling 5,997 shares during the period. Apollon Wealth Management LLC owned about 1.17% of iShares U.S. Utilities ETF worth $12,135,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Gimbal Financial purchased a new stake in shares of iShares U.S. Utilities ETF in the 3rd quarter worth about $7,957,000. Second Half Financial Partners LLC bought a new position in iShares U.S. Utilities ETF in the third quarter worth about $6,398,000. Crumly & Associates Inc. purchased a new stake in iShares U.S. Utilities ETF in the third quarter worth about $4,137,000. Bensler LLC grew its holdings in shares of iShares U.S. Utilities ETF by 19.7% during the 3rd quarter. Bensler LLC now owns 225,859 shares of the company’s stock worth $23,042,000 after acquiring an additional 37,200 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of iShares U.S. Utilities ETF by 10,133.3% in the 3rd quarter. International Assets Investment Management LLC now owns 33,770 shares of the company’s stock worth $3,445,000 after acquiring an additional 33,440 shares in the last quarter.

iShares U.S. Utilities ETF Stock Down 0.2 %

IDU opened at $99.93 on Friday. The stock has a market cap of $1.07 billion, a PE ratio of 25.14 and a beta of 0.48. The business has a 50 day moving average of $98.67 and a 200-day moving average of $98.73. iShares U.S. Utilities ETF has a 52 week low of $75.93 and a 52 week high of $106.16.

iShares U.S. Utilities ETF 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.