iShares U.S. Energy ETF (NYSEARCA:IYE) Position Increased by Raymond James & Associates

Raymond James & Associates increased its position in shares of iShares U.S. Energy ETF (NYSEARCA:IYE – Get Rating) by 1.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 142,241 shares of the company’s stock after buying an additional 1,600 shares during the quarter. Raymond James & Associates’ holdings in iShares U.S. Energy ETF were worth $6,613,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. MinichMacGregor Wealth Management LLC purchased a new stake in shares of iShares U.S. Energy ETF during the fourth quarter worth $25,000. Fiduciary Alliance LLC purchased a new stake in shares of iShares U.S. Energy ETF during the fourth quarter worth $29,000. BerganKDV Wealth Management LLC raised its holdings in shares of iShares U.S. Energy ETF by 102.9% during the fourth quarter. BerganKDV Wealth Management LLC now owns 710 shares of the company’s stock worth $33,000 after acquiring an additional 360 shares in the last quarter. Concord Wealth Partners purchased a new stake in shares of iShares U.S. Energy ETF during the fourth quarter worth $33,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in iShares U.S. Energy ETF during the first quarter worth $46,000.

iShares U.S. Energy ETF Price Performance

NYSEARCA IYE opened at $41.90 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’s 50-day moving average is $43.21 and its two-hundred day moving average is $45.58. The firm has a market cap of $1.48 billion, a P/E ratio of 17.07 and a beta of 1.37.

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.