Summit Financial Consulting LLC Has $6.55 Million Stock Holdings in iShares U.S. Utilities ETF $IDU

by · The Cerbat Gem

Summit Financial Consulting LLC grew its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU – Free Report) by 11.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,033 shares of the company’s stock after buying an additional 6,100 shares during the quarter. iShares U.S. Utilities ETF makes up 5.2% of Summit Financial Consulting LLC’s portfolio, making the stock its 10th largest position. Summit Financial Consulting LLC’s holdings in iShares U.S. Utilities ETF were worth $6,547,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. CW Advisors LLC bought a new position in iShares U.S. Utilities ETF in the first quarter valued at approximately $296,000. Northwestern Mutual Wealth Management Co. lifted its stake in iShares U.S. Utilities ETF by 29.8% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 30,267 shares of the company’s stock valued at $3,070,000 after purchasing an additional 6,944 shares during the last quarter. PKS Advisory Services LLC lifted its stake in iShares U.S. Utilities ETF by 70.4% in the 1st quarter. PKS Advisory Services LLC now owns 4,595 shares of the company’s stock valued at $466,000 after purchasing an additional 1,899 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management grew its holdings in iShares U.S. Utilities ETF by 7.2% during the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 6,864 shares of the company’s stock worth $696,000 after purchasing an additional 459 shares during the period. Finally, Rise Advisors LLC increased its position in iShares U.S. Utilities ETF by 15.6% during the first quarter. Rise Advisors LLC now owns 1,133 shares of the company’s stock worth $115,000 after buying an additional 153 shares during the last quarter.

iShares U.S. Utilities ETF Stock Up 0.3%

IDU opened at $108.25 on Wednesday. iShares U.S. Utilities ETF has a 12-month low of $91.91 and a 12-month high of $117.74. The business has a 50 day moving average of $111.71 and a 200-day moving average of $109.13. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 21.72 and a beta of 0.61.

iShares U.S. Utilities ETF Profile

(Free Report)

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. Its components primarily include utilities companies. BlackRock Fund Advisors acts as an investment adviser of the Fund.

Further Reading

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