Schnieders Capital Management LLC Increases Stock Position in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Schnieders Capital Management LLC boosted its stake in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 33.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,200 shares of the company’s stock after acquiring an additional 1,300 shares during the period. Schnieders Capital Management LLC’s holdings in iShares U.S. Utilities ETF were worth $416,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. acquired a new position in iShares U.S. Utilities ETF in the fourth quarter valued at $41,000. Laurel Wealth Advisors LLC lifted its holdings in shares of iShares U.S. Utilities ETF by 29.0% in the third quarter. Laurel Wealth Advisors LLC now owns 668 shares of the company’s stock valued at $49,000 after purchasing an additional 150 shares in the last quarter. Capital Analysts LLC purchased a new position in shares of iShares U.S. Utilities ETF during the fourth quarter valued at approximately $72,000. Picton Mahoney Asset Management purchased a new position in shares of iShares U.S. Utilities ETF during the third quarter valued at approximately $138,000. Finally, Aptus Capital Advisors LLC lifted its stake in shares of iShares U.S. Utilities ETF by 110.0% during the third quarter. Aptus Capital Advisors LLC now owns 1,909 shares of the company’s stock valued at $140,000 after buying an additional 1,000 shares during the period.

iShares U.S. Utilities ETF Price Performance

NYSEARCA:IDU traded up $0.47 during trading hours on Wednesday, reaching $85.58. 54,344 shares of the company were exchanged, compared to its average volume of 45,674. The firm has a market cap of $890.03 million, a price-to-earnings ratio of 23.49 and a beta of 0.48. iShares U.S. Utilities ETF has a 52-week low of $68.87 and a 52-week high of $86.54. The stock has a 50 day simple moving average of $81.80 and a 200 day simple moving average of $79.10.

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.