Commonwealth Equity Services LLC Lowers Holdings in iShares U.S. Energy ETF $IYE

Commonwealth Equity Services LLC trimmed its holdings in iShares U.S. Energy ETF (NYSEARCA:IYE) by 9.7% in the 4th quarter, HoldingsChannel reports. The fund owned 125,765 shares of the company’s stock after selling 13,492 shares during the quarter. Commonwealth Equity Services LLC’s holdings in iShares U.S. Energy ETF were worth $5,978,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Greykasell Wealth Strategies Inc. acquired a new stake in shares of iShares U.S. Energy ETF in the fourth quarter valued at $33,000. Capital Investment Advisory Services LLC boosted its holdings in iShares U.S. Energy ETF by 253.3% in the third quarter. Capital Investment Advisory Services LLC now owns 954 shares of the company’s stock valued at $45,000 after purchasing an additional 684 shares during the period. Headlands Technologies LLC purchased a new stake in iShares U.S. Energy ETF during the 2nd quarter worth about $49,000. Triumph Capital Management purchased a new stake in iShares U.S. Energy ETF during the 3rd quarter worth about $58,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in iShares U.S. Energy ETF during the 4th quarter worth about $60,000. 52.46% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Energy ETF Stock Performance

IYE opened at $61.09 on Friday. The business’s 50-day simple moving average is $61.66 and its 200-day simple moving average is $56.03. iShares U.S. Energy ETF has a one year low of $44.04 and a one year high of $67.07. The stock has a market capitalization of $1.74 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.