Raymond James Financial Services Advisors Inc. has $10.67M position in iShares US Utilities ETF (NYSEARCA:IDU)

Raymond James Financial Services Advisors Inc. boosted its holdings in shares of iShares US Utilities ETF (NYSEARCA:IDU – Free Report ) by 19.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,434 shares of the company’s stock after buying an additional 19,817 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 1.13% of iShares US Utilities ETF worth $10,672,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IDU. ICA Group Wealth Management LLC purchased a new stake in shares of iShares US Utilities ETF during the fourth quarter valued at approximately $25,000. Mather Group LLC. purchased a new stake in iShares US Utilities ETF in the 1st quarter worth approximately $59,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of iShares US Utilities ETF during the fourth quarter worth approximately $139,000. Principal Securities Inc. purchased a new position in shares of iShares US Utilities ETF in the fourth quarter valued at approximately $145,000. Finally, Summit Financial LLC bought a new position in shares of iShares US Utilities ETF in the first quarter worth approximately $205,000.

Price performance of the iShares US Utilities ETF

IDU opened at $95.85 on Friday. The company has a fifty day simple moving average of $91.09 and a 200 day simple moving average of $86.83. iShares US Utilities ETF has a 1-year low of $68.87 and a 1-year high of $96.33. The company has a market cap of $1.03 billion, a PE ratio of 25.14 and a beta of 0.48.

iShares US Utilities ETF Profile

(Free report)

iShares US 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 US Utilities Index (the Underlying Index). The underlying index measures the performance of the utilities sector of the United States stock market.

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