19,216 iShares U.S. Energy ETF $IYE Shares Sold by Forte Asset Management LLC

Forte Asset Management LLC lessened its position in iShares U.S. Energy ETF (NYSEARCA:IYE) by 42.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,570 shares of the company’s stock after selling 19,216 shares during the period. Forte Asset Management LLC owned approximately 0.11% of iShares U.S. Energy ETF worth $1,722,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC grew its holdings in iShares U.S. Energy ETF by 82.0% during the first quarter. NewEdge Advisors LLC now owns 72,428 shares of the company’s stock worth $4,691,000 after acquiring an additional 32,626 shares during the period. CrossGen Wealth LLC bought a new position in shares of iShares U.S. Energy ETF during the 4th quarter valued at about $434,000. Astoria Portfolio Advisors LLC. acquired a new position in shares of iShares U.S. Energy ETF in the 1st quarter worth approximately $641,000. Harmony Asset Management LLC acquired a new position in shares of iShares U.S. Energy ETF in the 1st quarter worth approximately $1,069,000. Finally, Gerald Baker Financial Group LLC acquired a new position in shares of iShares U.S. Energy ETF in the 1st quarter worth approximately $3,969,000. Institutional investors and hedge funds own 52.46% of the company’s stock.

iShares U.S. Energy ETF Price Performance

NYSEARCA IYE opened at $70.82 on Wednesday. The company’s 50 day simple moving average is $66.62 and its 200 day simple moving average is $62.82. iShares U.S. Energy ETF has a 12 month low of $45.12 and a 12 month high of $70.86. The company has a market capitalization of $1.79 billion, a P/E ratio of 15.53 and a beta of 0.51.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.