Bank of America Corp DE Has $9.36 Million Holdings in iShares US Utilities ETF (IDU)

Bank of America Corp DE trimmed its stake in iShares US Utilities ETF (NYSEARCA:IDU) by 14.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,947 shares of the company’s stock after selling 11,947 shares during the quarter. Bank of America Corp DE owned approximately 1.56% of iShares US Utilities ETF worth $9,361,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank of Montreal Can bought a new position in iShares US Utilities ETF in the second quarter valued at approximately $188,000. Blair William & Co. IL acquired a new stake in shares of iShares US Utilities ETF in the first quarter valued at approximately $190,000. First Republic Investment Management Inc. acquired a new stake in shares of iShares US Utilities ETF in the second quarter valued at approximately $209,000. North Star Investment Management Corp. acquired a new stake in shares of iShares US Utilities ETF in the second quarter valued at approximately $299,000. Finally, Allianz Life Insurance Co. of North America lifted its position in shares of iShares US Utilities ETF by 13.3% in the second quarter. Allianz Life Insurance Co. of North America now owns 3,760 shares of the company’s stock valued at $496,000 after buying an additional 440 shares during the last quarter.

IDU opened at $136.35 on Friday. iShares US Utilities ETF has a 12-month low of $119.51 and a 12-month high of $142.50.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 2nd. Stockholders of record on Thursday, September 27th were given a $0.9915 dividend. This represents a $3.97 dividend on an annualized basis and a dividend yield of 2.91%. This is a boost from iShares US Utilities ETF’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Wednesday, September 26th.

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

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