Summit Financial Wealth Advisors LLC Cuts Stake in iShares U.S. Energy ETF $IYE

Summit Financial Wealth Advisors LLC decreased its stake in iShares U.S. Energy ETF (NYSEARCA:IYE) by 85.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,577 shares of the company’s stock after selling 26,811 shares during the period. Summit Financial Wealth Advisors LLC’s holdings in iShares U.S. Energy ETF were worth $207,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. PGIM Custom Harvest LLC raised its holdings in shares of iShares U.S. Energy ETF by 2.3% during the 1st quarter. PGIM Custom Harvest LLC now owns 1,486,973 shares of the company’s stock valued at $73,308,000 after buying an additional 33,368 shares during the period. Royal Bank of Canada grew its position in iShares U.S. Energy ETF by 4.9% in the first quarter. Royal Bank of Canada now owns 367,478 shares of the company’s stock valued at $18,116,000 after acquiring an additional 17,249 shares in the last quarter. MML Investors Services LLC raised its stake in shares of iShares U.S. Energy ETF by 6.0% during the second quarter. MML Investors Services LLC now owns 260,536 shares of the company’s stock valued at $11,781,000 after purchasing an additional 14,798 shares during the period. JPMorgan Chase & Co. lifted its position in shares of iShares U.S. Energy ETF by 19.2% during the second quarter. JPMorgan Chase & Co. now owns 242,090 shares of the company’s stock worth $10,947,000 after purchasing an additional 39,042 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of iShares U.S. Energy ETF by 936.5% during the second quarter. BNP Paribas Financial Markets now owns 217,548 shares of the company’s stock worth $9,838,000 after purchasing an additional 196,559 shares in the last quarter. Institutional investors and hedge funds own 52.46% of the company’s stock.

iShares U.S. Energy ETF Trading Down 1.0%

IYE opened at $48.31 on Monday. iShares U.S. Energy ETF has a twelve month low of $39.35 and a twelve month high of $50.11. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 15.53 and a beta of 0.78. The company has a fifty day simple moving average of $47.37 and a 200 day simple moving average of $46.66.

iShares U.S. Energy ETF Company 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.