NewEdge Advisors LLC lifted its position in shares of iShares U.S. Energy ETF (NYSEARCA:IYE – Free Report) by 82.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,428 shares of the company’s stock after purchasing an additional 32,626 shares during the period. NewEdge Advisors LLC owned 0.25% of iShares U.S. Energy ETF worth $4,691,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Summit Financial Consulting LLC increased its position in iShares U.S. Energy ETF by 11.5% during the 4th quarter. Summit Financial Consulting LLC now owns 153,227 shares of the company’s stock worth $7,283,000 after buying an additional 15,818 shares during the period. UBS Group AG boosted its position in shares of iShares U.S. Energy ETF by 3.0% in the fourth quarter. UBS Group AG now owns 603,424 shares of the company’s stock valued at $28,681,000 after acquiring an additional 17,453 shares during the period. Commonwealth Retirement Investments LLC bought a new stake in shares of iShares U.S. Energy ETF in the fourth quarter valued at about $1,131,000. Astoria Portfolio Advisors LLC. acquired a new position in shares of iShares U.S. Energy ETF in the first quarter valued at about $641,000. Finally, Gerald Baker Financial Group LLC bought a new position in iShares U.S. Energy ETF during the first quarter worth about $3,969,000. 52.46% of the stock is owned by institutional investors and hedge funds.
iShares U.S. Energy ETF Stock Up 1.1%
Shares of iShares U.S. Energy ETF stock opened at $64.67 on Wednesday. iShares U.S. Energy ETF has a twelve month low of $44.82 and a twelve month high of $67.07. The company has a 50-day simple moving average of $60.11 and a two-hundred day simple moving average of $59.94. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 15.53 and a beta of 0.44.
About iShares U.S. Energy ETF
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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