Brookstone Capital Management Buys Shares of 52,608 iShares U.S. Utilities ETF (NYSEARCA:IDU)

Brookstone Capital Management acquired a new position in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 52,608 shares of the company’s stock, valued at approximately $4,768,000. Brookstone Capital Management owned 0.49% of iShares U.S. Utilities ETF at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. ICA Group Wealth Management LLC purchased a new stake in iShares U.S. Utilities ETF in the 4th quarter worth about $25,000. Wetzel Investment Advisors Inc. acquired a new position in iShares U.S. Utilities ETF during the fourth quarter worth $41,000. Mather Group LLC. bought a new position in shares of iShares U.S. Utilities ETF in the 1st quarter valued at approximately $59,000. Capital Analysts LLC bought a new position in shares of iShares U.S. Utilities ETF in the fourth quarter valued at approximately $72,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new position in iShares U.S. Utilities ETF during the 4th quarter worth $139,000.

iShares U.S. Utilities ETF Stock Up 0.3 %

Shares of IDU stock traded up $0.26 during trading hours on Friday, reaching $94.89. 528,036 shares of the company’s stock were exchanged, compared to its average volume of 127,100. iShares U.S. Utilities ETF has a fifty-two week low of $68.87 and a fifty-two week high of $96.09. The business has a fifty day moving average price of $90.58 and a 200-day moving average price of $86.35. The stock has a market capitalization of $1.02 billion, a P/E ratio of 25.14 and a beta of 0.48.

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.