Perigon Wealth Management LLC Sells 12,006 Shares of iShares U.S. Energy ETF (NYSEARCA:IYE)

Perigon Wealth Management LLC lowered its stake in shares of iShares U.S. Energy ETF (NYSEARCA:IYE – Get Rating) by 61.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 7,539 shares of the company’s stock after selling 12,006 shares during the quarter. Perigon Wealth Management LLC’s holdings in iShares U.S. Energy ETF were worth $296,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clearstead Advisors LLC boosted its holdings in iShares U.S. Energy ETF by 1,452.0% during the second quarter. Clearstead Advisors LLC now owns 776 shares of the company’s stock worth $30,000 after buying an additional 726 shares during the last quarter. Absolute Capital Management LLC bought a new position in shares of iShares U.S. Energy ETF during the 3rd quarter valued at about $36,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of iShares U.S. Energy ETF during the 1st quarter valued at about $46,000. Heritage Wealth Management LLC bought a new position in shares of iShares U.S. Energy ETF during the 3rd quarter valued at about $57,000. Finally, Burleson & Company LLC bought a new position in shares of iShares U.S. Energy ETF during the 3rd quarter valued at about $61,000.

iShares U.S. Energy ETF Price Performance

NYSEARCA:IYE opened at $40.63 on Friday. iShares U.S. Energy ETF has a fifty-two week low of $34.94 and a fifty-two week high of $50.75. The stock has a market capitalization of $1.59 billion, a PE ratio of 17.07 and a beta of 1.40. The business’s 50-day simple moving average is $45.85 and its 200-day simple moving average is $45.67.

iShares U.S. Energy ETF Profile

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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.