Field & Main Bank Has $285,000 Stake in iShares U.S. Utilities ETF (NYSEARCA:IDU)

Field & Main Bank trimmed its position in iShares U.S. Utilities ETF (NYSEARCA:IDU) by 5.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,560 shares of the company’s stock after selling 190 shares during the period. Field & Main Bank’s holdings in iShares U.S. Utilities ETF were worth $285,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Modera Wealth Management LLC acquired a new stake in iShares U.S. Utilities ETF in the 3rd quarter valued at $8,792,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of iShares U.S. Utilities ETF by 2.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 97,706 shares of the company’s stock worth $7,810,000 after purchasing an additional 2,070 shares during the last quarter. Raymond James & Associates increased its position in shares of iShares U.S. Utilities ETF by 55.9% during the 3rd quarter. Raymond James & Associates now owns 64,593 shares of the company’s stock worth $4,753,000 after purchasing an additional 23,160 shares in the last quarter. Bellwether Advisors LLC acquired a new position in iShares U.S. Utilities ETF in the third quarter valued at about $4,653,000. Finally, Johnson Investment Counsel Inc. boosted its position in iShares U.S. Utilities ETF by 32.9% in the third quarter. Johnson Investment Counsel Inc. now owns 58,879 shares of the company’s stock valued at $4,332,000 after buying an additional 14,561 shares in the last quarter.

iShares U.S. Utilities ETF Stock Performance

Shares of NYSEARCA IDU traded up $1.20 during mid-day trading on Monday, hitting $86.23. 20,275 shares of the stock were exchanged, compared to its average volume of 47,679. iShares U.S. Utilities ETF has a twelve month low of $68.87 and a twelve month high of $86.27. The stock’s fifty day simple moving average is $82.24 and its two-hundred day simple moving average is $79.36. The company has a market cap of $896.79 million, a P/E 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.