GRIMES & Co WEALTH MANAGEMENT LLC purchased a new position in shares of iShares U.S. Energy ETF (NYSEARCA:IYE – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,325 shares of the company’s stock, valued at approximately $669,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. True Freedom Investing LLC acquired a new stake in shares of iShares U.S. Energy ETF in the 3rd quarter valued at about $1,814,000. Pinkerton Wealth LLC purchased a new position in iShares U.S. Energy ETF during the 3rd quarter worth approximately $1,432,000. International Assets Investment Management LLC increased its position in iShares U.S. Energy ETF by 306.5% during the third quarter. International Assets Investment Management LLC now owns 8,870 shares of the company’s stock worth $575,000 after buying an additional 6,688 shares during the period. Founders Financial Securities LLC acquired a new position in iShares U.S. Energy ETF during the third quarter worth approximately $892,000. Finally, D.A. Davidson & CO. acquired a new position in iShares U.S. Energy ETF during the third quarter worth approximately $201,000. 52.46% of the stock is owned by hedge funds and other institutional investors.
iShares U.S. Energy ETF Trading Down 4.6%
Shares of NYSEARCA IYE opened at $67.17 on Thursday. The stock has a market cap of $1.69 billion, a P/E ratio of 15.53 and a beta of 0.45. iShares U.S. Energy ETF has a twelve month low of $46.15 and a twelve month high of $73.91. The stock has a 50 day moving average of $68.61 and a two-hundred day moving average of $62.31.
iShares U.S. Energy ETF Company 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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