Summit Financial Wealth Advisors LLC Sells 894 Shares of iShares U.S. Energy ETF (NYSEARCA:IYE)

Summit Financial Wealth Advisors LLC decreased its position in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) by 2.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,227 shares of the company’s stock after selling 894 shares during the period. Summit Financial Wealth Advisors LLC owned approximately 0.12% of iShares U.S. Energy ETF worth $1,592,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its position in shares of iShares U.S. Energy ETF by 3,280.9% in the fourth quarter. International Assets Investment Management LLC now owns 271,956 shares of the company’s stock worth $11,999,000 after purchasing an additional 263,912 shares during the period. Crestwood Advisors Group LLC acquired a new stake in shares of iShares U.S. Energy ETF during the fourth quarter valued at about $11,148,000. Modera Wealth Management LLC acquired a new stake in shares of iShares U.S. Energy ETF during the third quarter valued at about $9,916,000. Waterloo Capital L.P. acquired a new stake in shares of iShares U.S. Energy ETF during the fourth quarter valued at about $3,113,000. Finally, Counterweight Ventures LLC acquired a new stake in shares of iShares U.S. Energy ETF during the fourth quarter valued at about $2,232,000.

iShares U.S. Energy ETF Stock Down 0.4 %

Shares of IYE stock traded down $0.19 during mid-day trading on Monday, reaching $47.24. 237,789 shares of the stock traded hands, compared to its average volume of 509,491. The stock’s fifty day simple moving average is $48.13 and its two-hundred day simple moving average is $46.82. iShares U.S. Energy ETF has a 1-year low of $41.46 and a 1-year high of $51.70. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 8.60 and a beta of 0.54.

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.