Summit Financial Consulting LLC Acquires 6,446 Shares of iShares U.S. Utilities ETF $IDU

Summit Financial Consulting LLC increased its holdings in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 10.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 65,479 shares of the company’s stock after buying an additional 6,446 shares during the quarter. iShares U.S. Utilities ETF comprises approximately 5.2% of Summit Financial Consulting LLC’s portfolio, making the stock its 12th biggest position. Summit Financial Consulting LLC owned about 0.48% of iShares U.S. Utilities ETF worth $7,095,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. BOKF NA bought a new stake in shares of iShares U.S. Utilities ETF during the 3rd quarter valued at about $35,000. Fifth Third Bancorp bought a new stake in shares of iShares U.S. Utilities ETF during the 3rd quarter valued at about $39,000. Rice Partnership LLC bought a new stake in shares of iShares U.S. Utilities ETF during the 3rd quarter valued at about $40,000. IFP Advisors Inc grew its stake in shares of iShares U.S. Utilities ETF by 224.0% during the 3rd quarter. IFP Advisors Inc now owns 405 shares of the company’s stock valued at $45,000 after purchasing an additional 280 shares during the period. Finally, Sound Income Strategies LLC grew its stake in shares of iShares U.S. Utilities ETF by 87.1% during the 3rd quarter. Sound Income Strategies LLC now owns 434 shares of the company’s stock valued at $50,000 after purchasing an additional 202 shares during the period.

iShares U.S. Utilities ETF Stock Down 1.1%

iShares U.S. Utilities ETF stock opened at $117.26 on Tuesday. iShares U.S. Utilities ETF has a 52-week low of $96.83 and a 52-week high of $120.82. The company has a market cap of $1.69 billion, a P/E ratio of 21.72 and a beta of 0.66. The business has a 50-day simple moving average of $116.46 and a two-hundred day simple moving average of $112.94.

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. Its components primarily include utilities companies. BlackRock Fund Advisors acts as an investment adviser of the Fund.