Sharp Financial Services LLC Acquires 1,056 Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU)

Sharp Financial Services LLC increased its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,639 shares of the company’s stock after buying an additional 1,056 shares during the period. iShares U.S. Utilities ETF accounts for about 3.3% of Sharp Financial Services LLC’s investment portfolio, making the stock its 12th biggest holding. Sharp Financial Services LLC’s holdings in iShares U.S. Utilities ETF were worth $4,391,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Apollon Wealth Management LLC increased its stake in iShares U.S. Utilities ETF by 1,289.0% in the third quarter. Apollon Wealth Management LLC now owns 132,123 shares of the company’s stock valued at $13,479,000 after purchasing an additional 122,611 shares in the last quarter. Gimbal Financial bought a new stake in iShares U.S. Utilities ETF in the third quarter valued at approximately $7,957,000. Second Half Financial Partners LLC bought a new stake in iShares U.S. Utilities ETF in the third quarter valued at approximately $6,398,000. Crumly & Associates Inc. bought a new stake in iShares U.S. Utilities ETF in the third quarter valued at approximately $4,137,000. Finally, Bensler LLC increased its stake in iShares U.S. Utilities ETF by 19.7% in the third quarter. Bensler LLC now owns 225,859 shares of the company’s stock valued at $23,042,000 after purchasing an additional 37,200 shares in the last quarter.

iShares U.S. Utilities ETF Stock Down 2.0 %

Shares of IDU stock opened at $99.61 on Thursday. The firm has a fifty day moving average of $99.47 and a 200-day moving average of $98.06. iShares U.S. Utilities ETF has a 12-month low of $75.93 and a 12-month high of $106.16. The company has a market capitalization of $1.07 billion, a price-to-earnings 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.