Picton Mahoney Asset Management Acquires New Stake in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Picton Mahoney Asset Management purchased a new stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 900 shares of the company’s stock, valued at approximately $87,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Saxony Capital Management LLC grew its position in iShares U.S. Utilities ETF by 7.4% during the fourth quarter. Saxony Capital Management LLC now owns 3,088 shares of the company’s stock valued at $297,000 after buying an additional 212 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of iShares U.S. Utilities ETF by 0.4% during the 4th quarter. Bank of New York Mellon Corp now owns 66,235 shares of the company’s stock worth $6,373,000 after acquiring an additional 249 shares during the last quarter. EP Wealth Advisors LLC grew its position in shares of iShares U.S. Utilities ETF by 7.2% during the 3rd quarter. EP Wealth Advisors LLC now owns 4,784 shares of the company’s stock valued at $488,000 after acquiring an additional 323 shares during the period. WESPAC Advisors LLC increased its stake in shares of iShares U.S. Utilities ETF by 20.4% in the 4th quarter. WESPAC Advisors LLC now owns 3,562 shares of the company’s stock worth $343,000 after purchasing an additional 604 shares in the last quarter. Finally, Moloney Securities Asset Management LLC raised its holdings in iShares U.S. Utilities ETF by 0.8% in the 4th quarter. Moloney Securities Asset Management LLC now owns 84,082 shares of the company’s stock worth $8,089,000 after purchasing an additional 688 shares during the period.

iShares U.S. Utilities ETF Stock Performance

NYSEARCA IDU opened at $100.93 on Monday. The business’s fifty day moving average is $99.84 and its 200 day moving average is $100.10. The company has a market capitalization of $1.46 billion, a PE ratio of 21.58 and a beta of 0.61. iShares U.S. Utilities ETF has a fifty-two week low of $80.68 and a fifty-two 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.