Bank of America Corp DE Has $98.90 Million Holdings in iShares U.S. Energy ETF $IYE

Bank of America Corp DE grew its position in iShares U.S. Energy ETF (NYSEARCA:IYE) by 56.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,526,984 shares of the company’s stock after acquiring an additional 551,736 shares during the period. Bank of America Corp DE owned 5.35% of iShares U.S. Energy ETF worth $98,903,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. RMG Wealth Management LLC bought a new stake in iShares U.S. Energy ETF during the 1st quarter worth $25,000. Greykasell Wealth Strategies Inc. bought a new position in iShares U.S. Energy ETF in the fourth quarter valued at about $33,000. Headlands Technologies LLC bought a new position in iShares U.S. Energy ETF in the second quarter valued at about $49,000. NBT Bank N A NY boosted its stake in shares of iShares U.S. Energy ETF by 1,647.9% during the first quarter. NBT Bank N A NY now owns 839 shares of the company’s stock valued at $54,000 after purchasing an additional 791 shares in the last quarter. Finally, Triumph Capital Management acquired a new stake in shares of iShares U.S. Energy ETF during the third quarter valued at about $58,000. Institutional investors and hedge funds own 52.46% of the company’s stock.

iShares U.S. Energy ETF Trading Down 1.1%

NYSEARCA:IYE opened at $61.23 on Friday. The stock’s 50-day moving average is $59.98 and its 200-day moving average is $59.69. The stock has a market cap of $1.71 billion, a P/E ratio of 15.53 and a beta of 0.44. iShares U.S. Energy ETF has a 1-year low of $44.78 and a 1-year high of $67.07.

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.