iShares U.S. Utilities ETF (NYSEARCA:IDU) Sees Unusually-High Trading Volume – Here’s What Happened

iShares U.S. Utilities ETF (NYSEARCA:IDU) shares saw an uptick in trading volume on Wednesday . 295,682 shares were traded during trading, an increase of 13% from the previous session’s volume of 262,629 shares.The stock last traded at $100.00 and had previously closed at $99.29.

iShares U.S. Utilities ETF Stock Performance

The stock has a market cap of $1.08 billion, a P/E ratio of 25.14 and a beta of 0.48. The company has a 50-day simple moving average of $98.88 and a 200-day simple moving average of $98.71.

Hedge Funds Weigh In On iShares U.S. Utilities ETF

Large investors have recently modified their holdings of the stock. New Wave Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Utilities ETF in the fourth quarter valued at approximately $117,000. Trilogy Capital Inc. acquired a new position in shares of iShares U.S. Utilities ETF in the 3rd quarter valued at $206,000. Vertex Planning Partners LLC bought a new stake in iShares U.S. Utilities ETF in the third quarter valued at about $211,000. Rede Wealth LLC bought a new stake in shares of iShares U.S. Utilities ETF in the 3rd quarter valued at about $212,000. Finally, Callan Family Office LLC acquired a new stake in iShares U.S. Utilities ETF in the third quarter worth $214,000.

iShares U.S. 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.