iShares U.S. Utilities ETF $IDU Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 8.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,413 shares of the company’s stock after selling 6,086 shares during the quarter. Truist Financial Corp’s holdings in iShares U.S. Utilities ETF were worth $7,698,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Bank of America Corp DE boosted its position in iShares U.S. Utilities ETF by 88.0% during the second quarter. Bank of America Corp DE now owns 938,296 shares of the company’s stock worth $98,118,000 after acquiring an additional 439,316 shares during the last quarter. Camarda Financial Advisors LLC purchased a new position in iShares U.S. Utilities ETF in the 2nd quarter worth approximately $13,327,000. Laurel Wealth Advisors LLC boosted its holdings in shares of iShares U.S. Utilities ETF by 10,357.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 94,113 shares of the company’s stock worth $9,841,000 after purchasing an additional 93,213 shares during the last quarter. Forte Asset Management LLC acquired a new position in shares of iShares U.S. Utilities ETF during the 2nd quarter worth approximately $7,162,000. Finally, CoreCap Advisors LLC lifted its position in iShares U.S. Utilities ETF by 12,511.4% during the third quarter. CoreCap Advisors LLC now owns 49,941 shares of the company’s stock worth $5,538,000 after buying an additional 49,545 shares in the last quarter.

iShares U.S. Utilities ETF Stock Down 1.3%

Shares of IDU opened at $108.38 on Tuesday. iShares U.S. Utilities ETF has a 52-week low of $91.91 and a 52-week high of $117.74. The company has a market capitalization of $1.42 billion, a PE ratio of 21.72 and a beta of 0.61. The stock has a fifty day simple moving average of $109.34 and a two-hundred day simple moving average of $110.09.

iShares U.S. Utilities ETF Company 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. Its components primarily include utilities companies. BlackRock Fund Advisors acts as an investment adviser of the Fund.