iShares U.S. Energy ETF $IYE Position Reduced by Wealthstar Advisors LLC

Wealthstar Advisors LLC trimmed its position in iShares U.S. Energy ETF (NYSEARCA:IYE) by 29.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,929 shares of the company’s stock after selling 15,565 shares during the quarter. iShares U.S. Energy ETF makes up approximately 1.2% of Wealthstar Advisors LLC’s portfolio, making the stock its 12th largest position. Wealthstar Advisors LLC’s holdings in iShares U.S. Energy ETF were worth $2,457,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Asempa Wealth Advisors purchased a new stake in shares of iShares U.S. Energy ETF in the 4th quarter valued at approximately $1,041,000. Summit Financial Consulting LLC boosted its stake in iShares U.S. Energy ETF by 11.5% in the 4th quarter. Summit Financial Consulting LLC now owns 153,227 shares of the company’s stock worth $7,283,000 after purchasing an additional 15,818 shares during the period. UBS Group AG grew its position in iShares U.S. Energy ETF by 3.0% during the 4th quarter. UBS Group AG now owns 603,424 shares of the company’s stock worth $28,681,000 after purchasing an additional 17,453 shares in the last quarter. Matthew Goff Investment Advisor LLC purchased a new position in iShares U.S. Energy ETF during the 4th quarter worth approximately $460,000. Finally, Northwest Wealth Advisors LLC acquired a new stake in iShares U.S. Energy ETF during the 4th quarter valued at $555,000. 52.46% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Energy ETF Price Performance

Shares of NYSEARCA:IYE opened at $56.75 on Friday. The company’s fifty day moving average is $60.26 and its two-hundred day moving average is $57.44. The company has a market cap of $1.53 billion, a P/E ratio of 15.53 and a beta of 0.44. iShares U.S. Energy ETF has a 12-month low of $44.78 and a 12-month high of $67.07.

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.