iShares US Utilities ETF (NYSEARCA:IDU) Reaches New 52-Week High at $161.30

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Shares of iShares US Utilities ETF (NYSEARCA:IDU) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $161.30 and last traded at $161.30, with a volume of 588 shares trading hands. The stock had previously closed at $160.76.

The business has a 50 day simple moving average of $155.54 and a 200-day simple moving average of $150.65.

A number of hedge funds have recently added to or reduced their stakes in IDU. Summit Global Investments bought a new position in shares of iShares US Utilities ETF during the 1st quarter worth approximately $2,862,000. Connecticut Wealth Management LLC bought a new position in shares of iShares US Utilities ETF during the 2nd quarter worth approximately $2,141,000. Holderness Investments Co. lifted its position in shares of iShares US Utilities ETF by 1.2% during the 2nd quarter. Holderness Investments Co. now owns 14,989 shares of the company’s stock worth $2,260,000 after buying an additional 184 shares in the last quarter. TCG Advisors LP bought a new position in shares of iShares US Utilities ETF during the 1st quarter worth approximately $27,000. Finally, Stratos Wealth Partners LTD. lifted its position in shares of iShares US Utilities ETF by 12.5% during the 1st quarter. Stratos Wealth Partners LTD. now owns 2,337 shares of the company’s stock worth $344,000 after buying an additional 259 shares in the last quarter.

iShares US Utilities ETF Company Profile (NYSEARCA:IDU)

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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