iShares U.S. Energy ETF $IYE Stock: Narwhal Capital Management Cuts Stake

Narwhal Capital Management reduced its stake in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) by 94.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,825 shares of the company’s stock after selling 165,553 shares during the quarter. Narwhal Capital Management’s holdings in iShares U.S. Energy ETF were worth $572,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Fort Washington Investment Advisors Inc. OH bought a new stake in iShares U.S. Energy ETF during the third quarter worth about $758,000. NewEdge Advisors LLC grew its stake 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 buying an additional 32,626 shares in the last quarter. Ironwood Wealth Management LLC. bought a new position in iShares U.S. Energy ETF in the 3rd quarter valued at about $926,000. Founders Financial Securities LLC bought a new position in iShares U.S. Energy ETF in the 3rd quarter valued at about $892,000. Finally, Capital Investment Advisors LLC bought a new position in iShares U.S. Energy ETF in the 3rd quarter valued at about $477,000. Institutional investors own 52.46% of the company’s stock.

iShares U.S. Energy ETF Trading Up 0.4%

NYSEARCA IYE opened at $65.76 on Wednesday. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 15.53 and a beta of 0.45. The firm’s 50 day simple moving average is $68.53 and its 200 day simple moving average is $62.60. iShares U.S. Energy ETF has a 1 year low of $46.15 and a 1 year high of $73.91.

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.