Carl P. Sherr & Co. LLC Cuts Stake in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Carl P. Sherr & Co. LLC cut its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 16.4% in the fourth quarter, Holdings Channel reports. The fund owned 3,125 shares of the company’s stock after selling 612 shares during the quarter. Carl P. Sherr & Co. LLC’s holdings in iShares U.S. Utilities ETF were worth $301,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. New Wave Wealth Advisors LLC bought a new stake in shares of iShares U.S. Utilities ETF in the 4th quarter valued at about $117,000. Vertex Planning Partners LLC bought a new position in shares of iShares U.S. Utilities ETF during the third quarter valued at approximately $211,000. Hilltop Holdings Inc. purchased a new position in iShares U.S. Utilities ETF during the third quarter valued at approximately $224,000. REDW Wealth LLC bought a new position in iShares U.S. Utilities ETF in the third quarter worth approximately $228,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in iShares U.S. Utilities ETF during the fourth quarter worth $228,000.

iShares U.S. Utilities ETF Trading Up 0.0 %

Shares of NYSEARCA IDU opened at $102.60 on Friday. iShares U.S. Utilities ETF has a 12-month low of $78.07 and a 12-month high of $106.16. The stock’s fifty day simple moving average is $98.72 and its two-hundred day simple moving average is $99.47. The stock has a market capitalization of $1.10 billion, a PE 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.