Iron Horse Wealth Management LLC Takes $26,000 Position in iShares U.S. Energy ETF (NYSEARCA:IYE)

Iron Horse Wealth Management LLC acquired a new stake in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 533 shares of the company’s stock, valued at approximately $26,000.

Several other institutional investors have also recently made changes to their positions in the stock. Cornerstone Planning Group LLC raised its holdings in shares of iShares U.S. Energy ETF by 632.6% during the first quarter. Cornerstone Planning Group LLC now owns 945 shares of the company’s stock valued at $47,000 after purchasing an additional 816 shares during the period. Interchange Capital Partners LLC acquired a new position in shares of iShares U.S. Energy ETF during the first quarter valued at about $244,000. Envestnet Asset Management Inc. raised its holdings in shares of iShares U.S. Energy ETF by 2.5% during the first quarter. Envestnet Asset Management Inc. now owns 54,753 shares of the company’s stock valued at $2,699,000 after purchasing an additional 1,344 shares during the period. Summit Financial Consulting LLC acquired a new position in shares of iShares U.S. Energy ETF during the first quarter valued at about $5,557,000. Finally, Concurrent Investment Advisors LLC acquired a new position in shares of iShares U.S. Energy ETF during the first quarter valued at about $218,000. Institutional investors and hedge funds own 52.46% of the company’s stock.

iShares U.S. Energy ETF Price Performance

IYE opened at $47.30 on Friday. iShares U.S. Energy ETF has a fifty-two week low of $39.35 and a fifty-two week high of $51.61. The firm has a market capitalization of $1.21 billion, a PE ratio of 15.53 and a beta of 1.37. The company’s 50-day moving average is $45.05 and its 200 day moving average is $45.88.

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.