Apollon Wealth Management LLC Sells 718 Shares of iShares U.S. Energy ETF $IYE

Apollon Wealth Management LLC lessened its stake in iShares U.S. Energy ETF (NYSEARCA:IYE) by 9.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,690 shares of the company’s stock after selling 718 shares during the quarter. Apollon Wealth Management LLC’s holdings in iShares U.S. Energy ETF were worth $303,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Concurrent Investment Advisors LLC bought a new position in shares of iShares U.S. Energy ETF during the first quarter worth approximately $218,000. PNC Financial Services Group Inc. lifted its stake in shares of iShares U.S. Energy ETF by 141.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,507 shares of the company’s stock valued at $469,000 after acquiring an additional 5,569 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in iShares U.S. Energy ETF by 2.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 54,753 shares of the company’s stock valued at $2,699,000 after buying an additional 1,344 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in iShares U.S. Energy ETF by 5.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 23,906 shares of the company’s stock valued at $1,109,000 after purchasing an additional 1,242 shares during the period. Finally, Avantax Advisory Services Inc. boosted its holdings in iShares U.S. Energy ETF by 9.3% in the first quarter. Avantax Advisory Services Inc. now owns 8,444 shares of the company’s stock valued at $416,000 after acquiring an additional 717 shares during the last quarter. 52.46% of the stock is currently owned by institutional investors.

iShares U.S. Energy ETF Stock Up 0.7%

IYE stock opened at $45.72 on Friday. The company’s fifty day simple moving average is $46.85 and its 200 day simple moving average is $45.40. iShares U.S. Energy ETF has a 12-month low of $39.35 and a 12-month high of $51.61. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 15.53 and a beta of 1.37.

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.