Baird Financial Group Inc. Sells 731 Shares of iShares U.S. Energy ETF (NYSEARCA:IYE)

Baird Financial Group Inc. cut its holdings in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,316 shares of the company’s stock after selling 731 shares during the quarter. Baird Financial Group Inc. owned approximately 0.11% of iShares U.S. Energy ETF worth $1,336,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IYE. Key Financial Inc bought a new stake in iShares U.S. Energy ETF during the 4th quarter worth about $27,000. JFS Wealth Advisors LLC lifted its position in iShares U.S. Energy ETF by 820.8% during the 4th quarter. JFS Wealth Advisors LLC now owns 663 shares of the company’s stock worth $30,000 after buying an additional 591 shares in the last quarter. GKV Capital Management Co. Inc. bought a new stake in shares of iShares U.S. Energy ETF in the 4th quarter valued at about $35,000. O Shaughnessy Asset Management LLC raised its holdings in shares of iShares U.S. Energy ETF by 32.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,188 shares of the company’s stock valued at $54,000 after purchasing an additional 288 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of iShares U.S. Energy ETF in the 4th quarter valued at about $100,000.

iShares U.S. Energy ETF Stock Performance

Shares of IYE stock opened at $45.62 on Wednesday. The firm’s 50-day moving average is $44.85 and its 200-day moving average is $46.75. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 13.94 and a beta of 0.81. iShares U.S. Energy ETF has a 52-week low of $39.35 and a 52-week high of $51.61.

iShares U.S. Energy ETF Profile

iShares U.S. Energy ETF (the Fund), formerly iShares Dow Jones U.S. Energy Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Oil & Gas Index (the Index). The Index measures the performance of the oil and gas sector of the United States equity market, and includes companies in industry groups, such as oil and gas producers, and oil equipment, services and distribution.