NewEdge Advisors LLC Has $4.69 Million Stock Holdings in iShares U.S. Energy ETF $IYE

NewEdge Advisors LLC grew its stake in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) by 82.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 72,428 shares of the company’s stock after acquiring an additional 32,626 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares U.S. Energy ETF were worth $4,691,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of IYE. Bank of America Corp DE raised its stake in iShares U.S. Energy ETF by 56.6% in the first quarter. Bank of America Corp DE now owns 1,526,984 shares of the company’s stock valued at $98,903,000 after purchasing an additional 551,736 shares in the last quarter. BNP Paribas Financial Markets lifted its position in iShares U.S. Energy ETF by 936.5% during the second quarter. BNP Paribas Financial Markets now owns 217,548 shares of the company’s stock worth $9,838,000 after purchasing an additional 196,559 shares during the period. WealthCare Asset Management LLC acquired a new stake in iShares U.S. Energy ETF during the first quarter worth about $8,408,000. Goldman Sachs Group Inc. grew its stake 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 buying an additional 90,366 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in iShares U.S. Energy ETF in the 1st quarter valued at about $4,774,000. 52.46% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Energy ETF Trading Up 1.1%

Shares of NYSEARCA:IYE opened at $64.67 on Wednesday. The firm has a 50 day moving average of $60.11 and a 200-day moving average of $59.94. iShares U.S. Energy ETF has a 12 month low of $44.82 and a 12 month high of $67.07. The stock has a market capitalization of $1.80 billion, a PE 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.