IDU Stock Summary and Trading Ideas (iShares U.S. Utilities ETF | ARCA:IDU)

The iShares U.S. Utilities ETF seeks to track the investment results of an index composed of U.S. equities in the utilities sector. IDU changed its index from the Dow Jones U.S. Utilities Index to the Russell 1000 Utilities RIC 22.5/45 Capped Index.

iShares U.S. Utilities ETF trades on the ARCA stock market under the symbol IDU.

As of April 19, 2024, IDU stock price climbed to $83.87 with 19,494 million shares trading.

IDU has a beta of 0.39, meaning it tends to be less sensitive to market movements. IDU has a correlation of 0.08 to the broad based SPY ETF.

IDU has a market cap of $868.05 million. This is considered a Small Cap stock.

In the last 3 years, IDU stock traded as high as $96.00 and as low as $68.87.

IDU stock has underperformed the market in the last year with a return of +1.2%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in IDU shares. However, IDU has outperformed the market in the last 3 month and 2 week periods, returning +9.1% and +0.3%, while SPY returned +4.3% and -3.5%, respectively. This indicates IDU has been having a stronger performance recently.

IDU support price is $81.88 and resistance is $83.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IDU stock will trade within this expected range on the day.