Harmony Asset Management LLC Purchases New Position in iShares U.S. Energy ETF $IYE

Harmony Asset Management LLC acquired a new position in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,509 shares of the company’s stock, valued at approximately $1,069,000. Harmony Asset Management LLC owned approximately 0.06% of iShares U.S. Energy ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. bought a new stake in shares of iShares U.S. Energy ETF during the fourth quarter worth $33,000. Headlands Technologies LLC bought a new position in shares of iShares U.S. Energy ETF in the 2nd quarter valued at $49,000. NBT Bank N A NY lifted its stake in shares of iShares U.S. Energy ETF by 1,647.9% in the 1st quarter. NBT Bank N A NY now owns 839 shares of the company’s stock valued at $54,000 after acquiring an additional 791 shares during the last quarter. Triumph Capital Management acquired a new stake in shares of iShares U.S. Energy ETF during the 3rd quarter valued at $58,000. Finally, Flagship Harbor Advisors LLC bought a new stake in iShares U.S. Energy ETF during the 4th quarter worth $60,000. Institutional investors own 52.46% of the company’s stock.

iShares U.S. Energy ETF Stock Down 0.8%

Shares of IYE stock opened at $60.02 on Thursday. iShares U.S. Energy ETF has a twelve month low of $44.78 and a twelve month high of $67.07. The stock’s fifty day simple moving average is $59.86 and its 200 day simple moving average is $58.18. The firm has a market capitalization of $1.66 billion, a P/E ratio of 15.53 and a beta of 0.44.

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.