Dallas, Texas – (Financialstrends) – 01/08/2014 –iShares Dow Jones US Utilities (ETF) (NYSEARCA:IDU) is an Exchange traded fund which has garnered a market cap of $631 million. This fund tracks its returns and dividend yield against the performance of the Dow Jones U.S Utilities Index. The Dow Jones Utilities Index tracks the performance of the utility companies which are publicly traded in U.S equity markets. The fund has retained the services of BlackRock Fund Advisors as its in-house adviser.
iShares Dow Jones US Utilities (ETF) (NYSEARCA:IDU) has been under pressure to perform in the past few weeks. This weakness in the stock became acute last week when it shed close to 0.64 percent of its market value. This reversed the close to 0.6 percent increase the shareholders in the stock had experienced in the past one month of trading.
During trading on January 7, iShares Dow Jones US Utilities (ETF) (NYSEARCA:IDU) shares were trading at $95.02 per share, which is 0.97 percent above its previous day close price. In spite of the increase in its market value, only 49,673 transactions were recorded for the day, which is 75 percent lesser than its daily average trading volume of 206370. At current valuations, the stock is trading at 5 percent below its prior 52 week high price points. The stock has been range bound between $84.03 and $100.12 in the last 12 months.
The iShares Dow Jones US Utilities (ETF) (NYSEARCA:IDU) stock has paid out dividend of $3.02 per share over the past 12 months, which translates into a 3.18 percent dividend yield for the same period. The dividend payout coupled with the close to 12.3 percent increase in the valuation of the fund in the past year, pegs this ETF as one of the average performers among the many funds in vogue in today’s market place.