iShares U.S. Energy ETF $IYE Shares Newly Acquired by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC bought a new position in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) in the 3rd quarter, Holdings Channel reports. The fund bought 10,325 shares of the company’s stock, valued at approximately $669,000.

Other hedge funds have also made changes to their positions in the company. Bank of America Corp DE grew its holdings in shares of iShares U.S. Energy ETF by 56.6% during the first quarter. Bank of America Corp DE now owns 1,526,984 shares of the company’s stock worth $98,903,000 after buying an additional 551,736 shares during the last quarter. Three Seasons Wealth LLC raised its stake in iShares U.S. Energy ETF by 422.2% during the 2nd quarter. Three Seasons Wealth LLC now owns 337,812 shares of the company’s stock valued at $19,117,000 after acquiring an additional 273,118 shares during the last quarter. WealthCare Asset Management LLC acquired a new stake in iShares U.S. Energy ETF during the 1st quarter worth approximately $8,408,000. CoreCap Advisors LLC lifted its position in iShares U.S. Energy ETF by 4,086.9% during the 2nd quarter. CoreCap Advisors LLC now owns 104,254 shares of the company’s stock worth $5,900,000 after acquiring an additional 101,764 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in iShares U.S. Energy ETF during the 1st quarter worth approximately $4,774,000. Institutional investors and hedge funds own 52.46% of the company’s stock.

iShares U.S. Energy ETF Trading Down 4.6%

Shares of IYE stock opened at $67.17 on Thursday. The business’s 50 day moving average is $68.61 and its two-hundred day moving average is $62.31. iShares U.S. Energy ETF has a twelve month low of $46.15 and a twelve month high of $73.91. The company has a market capitalization of $1.69 billion, a P/E ratio of 15.53 and a beta of 0.45.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.