Bank of America Corp DE raised its stake in iShares U.S. Energy ETF (NYSEARCA:IYE – Free Report) by 56.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,526,984 shares of the company’s stock after acquiring an additional 551,736 shares during the period. Bank of America Corp DE owned about 0.05% of iShares U.S. Energy ETF worth $98,903,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in IYE. RMG Wealth Management LLC bought a new position in iShares U.S. Energy ETF during the 1st quarter worth approximately $25,000. Greykasell Wealth Strategies Inc. bought a new stake in shares of iShares U.S. Energy ETF in the 4th quarter valued at $33,000. NBT Bank N A NY boosted its stake in shares of iShares U.S. Energy ETF by 1,647.9% in the 1st quarter. NBT Bank N A NY now owns 839 shares of the company’s stock valued at $54,000 after purchasing an additional 791 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of iShares U.S. Energy ETF during the second quarter worth $49,000. Finally, Triumph Capital Management acquired a new stake in shares of iShares U.S. Energy ETF during the third quarter worth $58,000. 52.46% of the stock is owned by institutional investors and hedge funds.
iShares U.S. Energy ETF Stock Down 1.1%
Shares of NYSEARCA IYE opened at $61.23 on Friday. iShares U.S. Energy ETF has a twelve month low of $44.78 and a twelve month high of $67.07. The firm has a fifty day simple moving average of $59.98 and a 200 day simple moving average of $59.69. The company has a market capitalization of $1.71 billion, a PE ratio of 15.53 and a beta of 0.44.
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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
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