Kesler Norman & Wride LLC Takes Position in iShares U.S. Utilities ETF $IDU

Kesler Norman & Wride LLC purchased a new stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) in the 4th quarter, Holdings Channel reports. The fund purchased 8,473 shares of the company’s stock, valued at approximately $918,000.

Other hedge funds also recently added to or reduced their stakes in the company. Founders Financial Securities LLC purchased a new stake in iShares U.S. Utilities ETF during the 4th quarter valued at $255,000. BNP Paribas Financial Markets purchased a new position in shares of iShares U.S. Utilities ETF in the fourth quarter worth $5,440,000. Blueline Advisors LLC purchased a new position in shares of iShares U.S. Utilities ETF in the fourth quarter worth $71,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares U.S. Utilities ETF by 2.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 43,568 shares of the company’s stock valued at $4,721,000 after purchasing an additional 860 shares in the last quarter. Finally, Foundations Investment Advisors LLC lifted its holdings in shares of iShares U.S. Utilities ETF by 7.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 7,844 shares of the company’s stock valued at $850,000 after purchasing an additional 520 shares in the last quarter.

iShares U.S. Utilities ETF Price Performance

iShares U.S. Utilities ETF stock opened at $110.64 on Thursday. iShares U.S. Utilities ETF has a one year low of $102.22 and a one year high of $120.82. The business’s fifty day moving average is $114.95 and its 200 day moving average is $113.18. The stock has a market capitalization of $1.52 billion, a PE ratio of 21.72 and a beta of 0.61.

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