Kellett Wealth Advisors LLC Acquires Shares of 11,909 iShares U.S. Utilities ETF (NYSEARCA:IDU)

Kellett Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) during the fourth quarter, Holdings Channel.com reports. The firm acquired 11,909 shares of the company’s stock, valued at approximately $952,000. iShares U.S. Utilities ETF comprises about 0.7% of Kellett Wealth Advisors LLC’s portfolio, making the stock its 26th biggest position.

A number of other hedge funds have also bought and sold shares of IDU. Prudential Financial Inc. increased its position in iShares U.S. Utilities ETF by 654.3% during the first quarter. Prudential Financial Inc. now owns 454,509 shares of the company’s stock valued at $41,360,000 after acquiring an additional 394,252 shares during the last quarter. Modera Wealth Management LLC bought a new position in shares of iShares U.S. Utilities ETF in the third quarter worth about $8,792,000. Bellwether Advisors LLC bought a new position in shares of iShares U.S. Utilities ETF in the third quarter worth about $4,653,000. Royal Bank of Canada grew its holdings in shares of iShares U.S. Utilities ETF by 53.0% in the first quarter. Royal Bank of Canada now owns 165,037 shares of the company’s stock worth $15,019,000 after purchasing an additional 57,156 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of iShares U.S. Utilities ETF by 597.5% in the second quarter. JPMorgan Chase & Co. now owns 43,871 shares of the company’s stock worth $3,755,000 after purchasing an additional 37,581 shares during the last quarter.

iShares U.S. Utilities ETF Trading Up 0.5 %

Shares of NYSEARCA IDU traded up $0.41 during mid-day trading on Thursday, reaching $82.78. The company had a trading volume of 75,292 shares, compared to its average volume of 46,528. The business’s 50-day moving average is $81.35 and its 200-day moving average is $78.71. The stock has a market cap of $889.89 million, a price-to-earnings ratio of 22.50 and a beta of 0.53. iShares U.S. Utilities ETF has a 52 week low of $68.87 and a 52 week high of $86.54.

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.