Montecito Bank & Trust Decreases Stock Holdings in iShares U.S. Energy ETF (NYSEARCA:IYE)

Montecito Bank & Trust lowered its stake in iShares U.S. Energy ETF (NYSEARCA:IYE) by 21.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,989 shares of the company’s stock after selling 1,330 shares during the quarter. Montecito Bank & Trust’s holdings in iShares U.S. Energy ETF were worth $246,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IYE. Wealth Enhancement Advisory Services LLC grew its position in shares of iShares U.S. Energy ETF by 27.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,133 shares of the company’s stock valued at $917,000 after purchasing an additional 4,287 shares during the period. Truist Financial Corp boosted its holdings in iShares U.S. Energy ETF by 4.1% in the 4th quarter. Truist Financial Corp now owns 26,708 shares of the company’s stock worth $1,217,000 after buying an additional 1,051 shares during the last quarter. Atria Investments Inc boosted its holdings in iShares U.S. Energy ETF by 10.6% in the 4th quarter. Atria Investments Inc now owns 11,785 shares of the company’s stock worth $537,000 after buying an additional 1,134 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in iShares U.S. Energy ETF during the 4th quarter worth approximately $205,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of iShares U.S. Energy ETF by 41.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,424 shares of the company’s stock valued at $110,000 after acquiring an additional 710 shares during the last quarter.

iShares U.S. Energy ETF Price Performance

NYSEARCA IYE opened at $46.45 on Tuesday. The stock’s 50 day simple moving average is $43.79 and its 200-day simple moving average is $45.97. The company has a market cap of $1.18 billion, a PE ratio of 13.94 and a beta of 0.80. iShares U.S. Energy ETF has a 1-year low of $39.35 and a 1-year 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.