Southern Capital Advisors LLC Buys New Position in iShares U.S. Energy ETF $IYE

Southern Capital Advisors LLC bought a new stake in iShares U.S. Energy ETF (NYSEARCA:IYE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 34,082 shares of the company’s stock, valued at approximately $2,207,000. iShares U.S. Energy ETF makes up 1.0% of Southern Capital Advisors LLC’s portfolio, making the stock its 19th largest holding.

A number of other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in shares of iShares U.S. Energy ETF by 936.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 217,548 shares of the company’s stock worth $9,838,000 after acquiring an additional 196,559 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in iShares U.S. Energy ETF by 14.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 722,662 shares of the company’s stock worth $34,348,000 after purchasing an additional 90,366 shares during the last quarter. Wealthstar Advisors LLC acquired a new position in iShares U.S. Energy ETF during the fourth quarter worth $2,543,000. Corient Private Wealth LLC boosted its holdings in iShares U.S. Energy ETF by 242.3% during the second quarter. Corient Private Wealth LLC now owns 68,249 shares of the company’s stock worth $3,087,000 after purchasing an additional 48,308 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in iShares U.S. Energy ETF in the third quarter valued at $2,193,000. Institutional investors and hedge funds own 52.46% of the company’s stock.

iShares U.S. Energy ETF Stock Performance

Shares of IYE stock opened at $56.77 on Monday. iShares U.S. Energy ETF has a 1 year low of $44.78 and a 1 year high of $67.07. The firm’s fifty day moving average price is $60.78 and its two-hundred day moving average price is $56.91. The firm has a market capitalization of $1.62 billion, a P/E ratio of 15.53 and a beta of 0.44.

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.