Holderness Investments Co. Raises Holdings in iShares US Utilities ETF (NYSEARCA:IDU)

Holderness Investments Co. boosted its holdings in shares of iShares US Utilities ETF (NYSEARCA:IDU) by 1.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 14,989 shares of the company’s stock after acquiring an additional 184 shares during the quarter. iShares US Utilities ETF accounts for approximately 1.0% of Holderness Investments Co.’s holdings, making the stock its 27th biggest holding. Holderness Investments Co.’s holdings in iShares US Utilities ETF were worth $2,260,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. TCG Advisors LP purchased a new position in iShares US Utilities ETF during the first quarter valued at approximately $27,000. Gradient Investments LLC increased its holdings in iShares US Utilities ETF by 340.0% during the second quarter. Gradient Investments LLC now owns 220 shares of the company’s stock valued at $33,000 after buying an additional 170 shares during the period. Meridian Wealth Management LLC purchased a new position in iShares US Utilities ETF during the first quarter valued at approximately $38,000. James Investment Research Inc. purchased a new position in iShares US Utilities ETF during the second quarter valued at approximately $45,000. Finally, Advisors Preferred LLC purchased a new position in iShares US Utilities ETF during the first quarter valued at approximately $52,000.

NYSEARCA IDU traded up $0.99 on Friday, hitting $154.67. The stock had a trading volume of 36,200 shares, compared to its average volume of 78,353. The business’s fifty day moving average price is $152.27 and its 200 day moving average price is $148.20. iShares US Utilities ETF has a 52-week low of $128.78 and a 52-week high of $154.90.

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.

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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).

Institutional Ownership by Quarter for iShares US Utilities ETF (NYSEARCA:IDU)

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