Royal Fund Management LLC Increases Stake in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Royal Fund Management LLC increased its position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 18.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,803 shares of the company’s stock after buying an additional 2,915 shares during the period. Royal Fund Management LLC owned about 0.17% of iShares U.S. Utilities ETF worth $1,506,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. U.S. Capital Wealth Advisors LLC purchased a new position in shares of iShares U.S. Utilities ETF during the fourth quarter valued at $211,000. Schnieders Capital Management LLC boosted its position in iShares U.S. Utilities ETF by 33.3% during the fourth quarter. Schnieders Capital Management LLC now owns 5,200 shares of the company’s stock valued at $416,000 after purchasing an additional 1,300 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in iShares U.S. Utilities ETF by 4.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 5,524 shares of the company’s stock valued at $441,000 after purchasing an additional 213 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new stake in iShares U.S. Utilities ETF during the fourth quarter valued at about $41,000. Finally, Kellett Wealth Advisors LLC bought a new stake in iShares U.S. Utilities ETF during the fourth quarter valued at about $952,000.

iShares U.S. Utilities ETF Stock Performance

IDU stock traded up $0.76 during trading on Friday, reaching $87.65. 19,640 shares of the company traded hands, compared to its average volume of 53,141. iShares U.S. Utilities ETF has a 12 month low of $68.87 and a 12 month high of $87.70. The business has a 50 day simple moving average of $83.00 and a 200 day simple moving average of $79.72. The company has a market capitalization of $911.56 million, a price-to-earnings ratio of 23.49 and a beta of 0.48.

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.