Empirical Asset Management LLC Cuts Stake in iShares U.S. Energy ETF $IYE

Empirical Asset Management LLC cut its stake in iShares U.S. Energy ETF (NYSEARCA:IYE) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,070 shares of the company’s stock after selling 360 shares during the quarter. Empirical Asset Management LLC’s holdings in iShares U.S. Energy ETF were worth $455,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Mutual Advisors LLC raised its position in iShares U.S. Energy ETF by 4.7% in the second quarter. Mutual Advisors LLC now owns 23,597 shares of the company’s stock valued at $1,091,000 after purchasing an additional 1,070 shares during the period. Concurrent Investment Advisors LLC raised its position in iShares U.S. Energy ETF by 19.3% in the second quarter. Concurrent Investment Advisors LLC now owns 5,280 shares of the company’s stock valued at $239,000 after purchasing an additional 854 shares during the period. Blue Trust Inc. raised its position in iShares U.S. Energy ETF by 1.9% in the second quarter. Blue Trust Inc. now owns 13,964 shares of the company’s stock valued at $631,000 after purchasing an additional 259 shares during the period. Wealthstar Advisors LLC raised its position in iShares U.S. Energy ETF by 7.0% in the second quarter. Wealthstar Advisors LLC now owns 44,819 shares of the company’s stock valued at $2,027,000 after purchasing an additional 2,926 shares during the period. Finally, Valmark Advisers Inc. raised its position in iShares U.S. Energy ETF by 7.3% in the second quarter. Valmark Advisers Inc. now owns 5,041 shares of the company’s stock valued at $228,000 after purchasing an additional 341 shares during the period. 52.46% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Energy ETF Price Performance

NYSEARCA:IYE opened at $45.72 on Friday. iShares U.S. Energy ETF has a 12 month low of $39.35 and a 12 month high of $51.61. The firm has a market capitalization of $1.11 billion, a PE ratio of 15.53 and a beta of 1.37. The business’s 50-day moving average is $46.85 and its two-hundred day moving average is $45.43.

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.