Artesa Financial Group LLC Invests $2.19 Million in iShares U.S. Energy ETF $IYE

Artesa Financial Group LLC acquired a new position in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) in the 4th quarter, HoldingsChannel reports. The fund acquired 46,025 shares of the company’s stock, valued at approximately $2,188,000. iShares U.S. Energy ETF makes up 2.3% of Artesa Financial Group LLC’s holdings, making the stock its 14th largest position.

Several other large investors also recently modified their holdings of IYE. Greykasell Wealth Strategies Inc. acquired a new stake in iShares U.S. Energy ETF in the 4th quarter valued at $33,000. Capital Investment Advisory Services LLC grew its position in iShares U.S. Energy ETF by 253.3% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 954 shares of the company’s stock valued at $45,000 after purchasing an additional 684 shares during the period. Headlands Technologies LLC acquired a new stake in iShares U.S. Energy ETF in the 2nd quarter valued at $49,000. Triumph Capital Management acquired a new stake in iShares U.S. Energy ETF in the 3rd quarter valued at $58,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in iShares U.S. Energy ETF in the 4th quarter valued at $60,000. Institutional investors and hedge funds own 52.46% of the company’s stock.

iShares U.S. Energy ETF Trading Down 1.6%

NYSEARCA IYE opened at $60.79 on Wednesday. The company has a fifty day simple moving average of $61.48 and a 200 day simple moving average of $56.27. iShares U.S. Energy ETF has a 12-month low of $44.78 and a 12-month high of $67.07. The company has a market cap of $1.74 billion, a P/E ratio of 15.53 and a beta of 0.44.

About iShares U.S. Energy ETF

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.