Grimes & Company Inc. Grows Position in iShares US Utilities ETF (IDU)

Grimes & Company Inc. increased its position in shares of iShares US Utilities ETF (NYSEARCA:IDU) by 18.2% in the first quarter, HoldingsChannel.com reports. The firm owned 111,838 shares of the company’s stock after acquiring an additional 17,189 shares during the quarter. iShares US Utilities ETF accounts for 1.3% of Grimes & Company Inc.’s portfolio, making the stock its 20th biggest position. Grimes & Company Inc.’s holdings in iShares US Utilities ETF were worth $16,475,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Field & Main Bank acquired a new stake in shares of iShares US Utilities ETF during the first quarter worth about $1,047,000. Madden Advisory Services Inc. lifted its holdings in iShares US Utilities ETF by 5.8% in the first quarter. Madden Advisory Services Inc. now owns 6,094 shares of the company’s stock valued at $897,000 after acquiring an additional 334 shares during the period. Cetera Investment Advisers acquired a new position in iShares US Utilities ETF in the fourth quarter valued at approximately $1,298,000. F3Logic LLC acquired a new position in iShares US Utilities ETF in the fourth quarter valued at approximately $1,665,000. Finally, Commonwealth Equity Services LLC lifted its holdings in iShares US Utilities ETF by 5.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 49,407 shares of the company’s stock valued at $6,631,000 after acquiring an additional 2,425 shares during the period.

Shares of NYSEARCA:IDU opened at $146.49 on Wednesday. iShares US Utilities ETF has a 12-month low of $123.24 and a 12-month high of $149.41.

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iShares US 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.

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Want to see what other hedge funds are holding IDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares US Utilities ETF (NYSEARCA:IDU).

Institutional Ownership by Quarter for iShares US Utilities ETF (NYSEARCA:IDU)

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