Peapack Gladstone Financial Corp Trims Stock Position in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Peapack Gladstone Financial Corp lessened its stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 3.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,535 shares of the company’s stock after selling 200 shares during the period. Peapack Gladstone Financial Corp’s holdings in iShares U.S. Utilities ETF were worth $533,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of IDU. Envestnet Asset Management Inc. raised its position in iShares U.S. Utilities ETF by 7.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 105,272 shares of the company’s stock valued at $10,128,000 after purchasing an additional 7,067 shares in the last quarter. Franklin Resources Inc. bought a new stake in shares of iShares U.S. Utilities ETF in the fourth quarter valued at about $521,000. O Shaughnessy Asset Management LLC purchased a new stake in iShares U.S. Utilities ETF in the fourth quarter worth about $193,000. Vertex Planning Partners LLC grew its holdings in iShares U.S. Utilities ETF by 14.8% during the 4th quarter. Vertex Planning Partners LLC now owns 2,371 shares of the company’s stock worth $228,000 after acquiring an additional 306 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in iShares U.S. Utilities ETF by 54.8% during the 4th quarter. JPMorgan Chase & Co. now owns 15,489 shares of the company’s stock valued at $1,490,000 after purchasing an additional 5,484 shares during the period.

iShares U.S. Utilities ETF Stock Performance

Shares of IDU opened at $93.98 on Wednesday. The stock has a market capitalization of $1.31 billion, a PE ratio of 20.01 and a beta of 0.57. The company has a 50 day moving average price of $100.21 and a 200-day moving average price of $100.22. iShares U.S. Utilities ETF has a fifty-two week low of $80.68 and a fifty-two week high of $106.16.

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.