Kingsview Wealth Management LLC Invests $2.64 Million in iShares U.S. Energy ETF (NYSEARCA:IYE)

Kingsview Wealth Management LLC purchased a new stake in iShares U.S. Energy ETF (NYSEARCA:IYE) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 53,365 shares of the company’s stock, valued at approximately $2,636,000. Kingsview Wealth Management LLC owned 0.19% of iShares U.S. Energy ETF at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Atomi Financial Group Inc. bought a new stake in iShares U.S. Energy ETF in the 1st quarter valued at $207,000. Concord Investment Counsel Inc. bought a new stake in iShares U.S. Energy ETF in the 1st quarter valued at $603,000. Csenge Advisory Group raised its stake in iShares U.S. Energy ETF by 12.4% in the 1st quarter. Csenge Advisory Group now owns 15,034 shares of the company’s stock valued at $743,000 after acquiring an additional 1,657 shares during the period. Forte Asset Management LLC raised its stake in iShares U.S. Energy ETF by 28.6% in the 1st quarter. Forte Asset Management LLC now owns 60,023 shares of the company’s stock valued at $2,965,000 after acquiring an additional 13,339 shares during the period. Finally, Family Firm Inc. raised its stake in iShares U.S. Energy ETF by 5.6% in the 1st quarter. Family Firm Inc. now owns 15,839 shares of the company’s stock valued at $782,000 after acquiring an additional 841 shares during the period.

iShares U.S. Energy ETF Trading Down 1.1 %

IYE stock traded down $0.53 during trading hours on Friday, hitting $48.65. 174,863 shares of the stock were exchanged, compared to its average volume of 494,108. The firm has a market capitalization of $1.34 billion, a P/E ratio of 8.60 and a beta of 0.54. The company has a 50-day simple moving average of $47.97 and a two-hundred day simple moving average of $47.03. iShares U.S. Energy ETF has a 12 month low of $41.46 and a 12 month high of $51.70.

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.