Navellier & Associates Inc. Invests $715,000 in iShares U.S. Energy ETF $IYE

Navellier & Associates Inc. acquired a new stake in iShares U.S. Energy ETF (NYSEARCA:IYE) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 15,037 shares of the company’s stock, valued at approximately $715,000. Navellier & Associates Inc. owned approximately 0.06% of iShares U.S. Energy ETF as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in IYE. BNP Paribas Financial Markets lifted its stake in iShares U.S. Energy ETF by 936.5% in 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 during the last quarter. Banco Santander S.A. bought a new position in shares of iShares U.S. Energy ETF during the second quarter valued at about $8,796,000. Thrivent Financial for Lutherans increased its holdings in shares of iShares U.S. Energy ETF by 126.1% in the second quarter. Thrivent Financial for Lutherans now owns 123,388 shares of the company’s stock worth $5,580,000 after buying an additional 68,819 shares during the period. Forte Asset Management LLC bought a new stake in shares of iShares U.S. Energy ETF in the 2nd quarter valued at about $2,826,000. Finally, Corient Private Wealth LLC boosted its holdings in iShares U.S. Energy ETF by 242.3% during the 2nd quarter. Corient Private Wealth LLC now owns 68,249 shares of the company’s stock valued at $3,086,000 after acquiring an additional 48,308 shares during the period. Institutional investors own 52.46% of the company’s stock.

iShares U.S. Energy ETF Price Performance

IYE opened at $56.64 on Wednesday. The stock’s 50 day simple moving average is $50.07 and its 200 day simple moving average is $48.03. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 15.53 and a beta of 0.78. iShares U.S. Energy ETF has a 1 year low of $39.35 and a 1 year high of $56.83.

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.