Wealthfront Advisers LLC Invests in iShares U.S. Utilities ETF

Wealthfront Advisers LLC has made a significant investment by acquiring a new stake in the iShares U.S. Utilities ETF (NYSEARCA:IDU) during the fourth quarter, as reported in its latest 13F filing with the Securities and Exchange Commission. Specifically, the firm purchased 3,255 shares of the ETF, which has an estimated value of around $313,000.

Following this, several other institutional investors have also adjusted their positions in the iShares U.S. Utilities ETF. For instance, Bensler LLC increased its holdings by 7.6% during the same quarter, owning a total of 243,010 shares worth approximately $23.38 million after adding 17,151 shares. Another firm, Raymond James Financial Inc., entered a new position in the ETF valued at about $18.14 million.

Norden Group LLC also boosted its stake by 5.9%, acquiring an additional 5,194 shares to bring its total to 92,732 shares valued at around $8.92 million. Additionally, Townsquare Capital LLC increased its holdings in the third quarter by 7.2%, reaching ownership of 87,610 shares worth $8.94 million after purchasing 5,894 more shares. Meanwhile, Moloney Securities Asset Management LLC saw a smaller increase, with a 0.8% rise, now holding 84,082 shares valued at $8.09 million after acquiring 688 additional shares.

Recent Performance of iShares U.S. Utilities ETF

On Tuesday, shares of the iShares U.S. Utilities ETF opened at $101.54. The ETF currently has a market capitalization of $1.47 billion, a price-to-earnings ratio of 21.58, and a relatively low beta of 0.61, indicating lower volatility compared to the market. Over the past year, the ETF has experienced a low of $80.68 and a high of $106.16. The 50-day moving average is at $99.93, while the 200-day moving average is slightly higher at $100.13.

About iShares U.S. Utilities ETF

The iShares U.S. Utilities ETF aims to track the performance, before fees and expenses, of the Dow Jones U.S. Utilities Index. This index reflects the dynamics of the utilities sector within the United States equity market, providing investors with exposure to this vital industry.

Further Insights

For those interested in the holdings of the iShares U.S. Utilities ETF or any other hedge funds investing in it, up-to-date information can be found on various financial websites, including 13F filings and insider trading reports.

investment, ETFs, utilities