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    Home»Stock Market»Utilities ETF (IDU) Hits New 52-Week High
    Stock Market

    Utilities ETF (IDU) Hits New 52-Week High

    August 5, 20252 Mins Read


    For investors seeking momentum, iShares U.S. Utilities ETF IDU is probably on the radar. The fund just hit a 52-week high and is up 21% from its 52-week low price of $91.91/share. 

    But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:

    iShares U.S. Utilities ETF offers exposure to U.S. companies that supply electricity, gas and water. It has key holdings in the electric utilities and multi-utilities sectors. The product charges 39 bps in annual fees (see: all the Utilities ETFs here).

    The utility sector has been an area to watch lately, given the strong appreciation in the stocks of this sector. The utility sector enjoyed its strongest winning streak in more than 15 years last month, emerging as the standout performer, despite broader market attention being focused on AI and mega-cap tech stocks. The stocks in the sector logged a consecutive seventh-month gain, reflecting a rare period of sustained sector confidence, underpinned by both short-term demand and structural tailwinds.

    Currently, IDU has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook, suggesting that the outperformance could continue in the months ahead. However, many spaces that make up this ETF have a strong Zacks Industry Rank. So, there is definitely some promise for those who want to ride this surging ETF a little further.

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    iShares U.S. Utilities ETF (IDU): ETF Research Reports

    This article originally published on Zacks Investment Research (zacks.com).

    Zacks Investment Research



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