NewEdge Advisors LLC Has $4.39 Million Holdings in iShares U.S. Energy ETF $IYE

NewEdge Advisors LLC grew its stake in iShares U.S. Energy ETF (NYSEARCA:IYE) by 70.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,833 shares of the company’s stock after acquiring an additional 28,031 shares during the period. NewEdge Advisors LLC’s holdings in iShares U.S. Energy ETF were worth $4,394,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. RMG Wealth Management LLC acquired a new stake in shares of iShares U.S. Energy ETF in the first quarter valued at approximately $25,000. Greykasell Wealth Strategies Inc. acquired a new position in iShares U.S. Energy ETF during the 4th quarter worth $33,000. Headlands Technologies LLC acquired a new position in iShares U.S. Energy ETF during the 2nd quarter worth $49,000. NBT Bank N A NY boosted its position in 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 buying an additional 791 shares during the last quarter. Finally, Triumph Capital Management bought a new position in iShares U.S. Energy ETF in the 3rd quarter valued at $58,000. 52.46% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Energy ETF Stock Performance

NYSEARCA IYE opened at $62.56 on Friday. The stock has a market capitalization of $1.73 billion, a P/E ratio of 15.53 and a beta of 0.44. iShares U.S. Energy ETF has a 52 week low of $44.78 and a 52 week high of $67.07. The stock has a fifty day moving average of $59.91 and a 200-day moving average of $59.26.

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.