Founders Financial Securities LLC Acquires 13,762 Shares of iShares U.S. Energy ETF $IYE

Founders Financial Securities LLC acquired a new position in iShares U.S. Energy ETF (NYSEARCA:IYE) in the 3rd quarter, Holdings Channel reports. The firm acquired 13,762 shares of the company’s stock, valued at approximately $892,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IYE. Bank of America Corp DE lifted its stake in shares of iShares U.S. Energy ETF by 56.6% in the 1st quarter. Bank of America Corp DE now owns 1,526,984 shares of the company’s stock valued at $98,903,000 after purchasing an additional 551,736 shares during the period. Royal Bank of Canada grew its position in shares of iShares U.S. Energy ETF by 8.5% in the 1st quarter. Royal Bank of Canada now owns 387,503 shares of the company’s stock worth $25,100,000 after buying an additional 30,333 shares during the period. Three Seasons Wealth LLC increased its stake in shares of iShares U.S. Energy ETF by 422.2% in the 2nd quarter. Three Seasons Wealth LLC now owns 337,812 shares of the company’s stock worth $19,117,000 after acquiring an additional 273,118 shares in the last quarter. Summit Financial Consulting LLC increased its stake in shares of iShares U.S. Energy ETF by 3.1% in the 3rd quarter. Summit Financial Consulting LLC now owns 135,494 shares of the company’s stock worth $8,780,000 after acquiring an additional 4,059 shares in the last quarter. Finally, WealthCare Asset Management LLC purchased a new position in iShares U.S. Energy ETF during the 1st quarter valued at about $8,408,000. Hedge funds and other institutional investors own 52.46% of the company’s stock.

iShares U.S. Energy ETF Stock Performance

IYE stock opened at $73.81 on Friday. The firm has a 50 day moving average price of $68.44 and a 200-day moving average price of $62.02. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 15.53 and a beta of 0.51. iShares U.S. Energy ETF has a 52-week low of $45.95 and a 52-week high of $73.91.

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