iShares U.S. Utilities ETF Price & Performance (IDU)

The iShares S&P/TSX Capped Utilities Index ETF (XUT) announced a 22.22% dividend increase for April, raising its payout to CAD 0.11 per share. This marks a significant shift after months of stable distributions and reflects both sector resilience and possible index rebalancing. Investors must hold shares before April 25 to qualify.1

Bank of Montreal Can increased its stake in the iShares U.S. Utilities ETF (IDU) by 13.4% in the fourth quarter, mirroring a broader trend among institutions. Other firms, including Saxony Capital Management and Bank of New York Mellon, also grew their positions, highlighting ongoing interest in utilities amid market uncertainty.2

The iShares U.S. Utilities ETF (IDU) saw its rating upgraded from 'Sell' to 'Buy' following a 2.54% price gain on April 22, closing at $100.47. Positive technical signals and a recent 'Golden Star Signal' suggest potential for further gains, though falling volume may warrant caution among short-term traders.3