PNC Financial Services Group Inc. trimmed its stake in shares of iShares US Utilities ETF (NYSEARCA:IDU) by 9.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,751 shares of the company’s stock after selling 2,078 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares US Utilities ETF were worth $2,909,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IDU. Valeo Financial Advisors LLC purchased a new position in shares of iShares US Utilities ETF in the first quarter worth approximately $29,000. Advisors Preferred LLC bought a new stake in iShares US Utilities ETF during the 1st quarter worth approximately $52,000. Citigroup Inc. raised its stake in iShares US Utilities ETF by 280.4% during the 4th quarter. Citigroup Inc. now owns 407 shares of the company’s stock worth $55,000 after acquiring an additional 300 shares during the period. Rehmann Capital Advisory Group raised its stake in iShares US Utilities ETF by 80.5% during the 4th quarter. Rehmann Capital Advisory Group now owns 417 shares of the company’s stock worth $56,000 after acquiring an additional 186 shares during the period. Finally, Westside Investment Management Inc. bought a new stake in iShares US Utilities ETF during the 4th quarter worth approximately $66,000.
NYSEARCA IDU traded up $1.44 on Wednesday, reaching $151.29. 50 shares of the stock were exchanged, compared to its average volume of 87,867. iShares US Utilities ETF has a one year low of $123.56 and a one year high of $154.46.
COPYRIGHT VIOLATION WARNING: This piece of content was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of international copyright laws. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2019/06/12/pnc-financial-services-group-inc-sells-2078-shares-of-ishares-us-utilities-etf-nysearcaidu.html.
iShares US 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.
See Also: What is a portfolio manager?
Want to see what other hedge funds are holding IDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares US Utilities ETF (NYSEARCA:IDU).
Receive News & Ratings for iShares US Utilities ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares US Utilities ETF and related companies with MarketBeat.com's FREE daily email newsletter.