8,537 Shares in iShares U.S. Energy ETF (NYSEARCA:IYE) Bought by Wealth Alliance

Wealth Alliance acquired a new stake in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,537 shares of the company’s stock, valued at approximately $377,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SNC bought a new stake in shares of iShares U.S. Energy ETF in the 1st quarter valued at approximately $29,000. Sound Income Strategies LLC increased its stake in iShares U.S. Energy ETF by 84,100.0% during the fourth quarter. Sound Income Strategies LLC now owns 842 shares of the company’s stock valued at $37,000 after purchasing an additional 841 shares during the last quarter. Fortis Capital Advisors LLC acquired a new stake in shares of iShares U.S. Energy ETF during the fourth quarter worth $37,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of iShares U.S. Energy ETF in the 1st quarter worth about $46,000. Finally, Cornerstone Planning Group LLC acquired a new position in shares of iShares U.S. Energy ETF in the 2nd quarter valued at about $51,000.

iShares U.S. Energy ETF Stock Down 0.2 %

Shares of NYSEARCA:IYE opened at $49.06 on Friday. The firm has a 50-day simple moving average of $47.38 and a 200 day simple moving average of $45.48. iShares U.S. Energy ETF has a fifty-two week low of $40.24 and a fifty-two week high of $51.70. The company has a market cap of $1.35 billion, a PE ratio of 8.84 and a beta of 0.54.

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.