Beacon Pointe Advisors LLC Makes New Investment in iShares U.S. Energy ETF (NYSEARCA:IYE)

Beacon Pointe Advisors LLC acquired a new stake in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 4,921 shares of the company’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Detalus Advisors LLC increased its holdings in iShares U.S. Energy ETF by 1.7% during the 4th quarter. Detalus Advisors LLC now owns 15,068 shares of the company’s stock valued at $687,000 after purchasing an additional 247 shares in the last quarter. Ballew Advisors Inc raised its holdings in shares of iShares U.S. Energy ETF by 1.2% in the fourth quarter. Ballew Advisors Inc now owns 22,471 shares of the company’s stock valued at $1,079,000 after buying an additional 263 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of iShares U.S. Energy ETF by 2.5% in the fourth quarter. Cerity Partners LLC now owns 11,198 shares of the company’s stock valued at $510,000 after buying an additional 276 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in iShares U.S. Energy ETF by 32.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,188 shares of the company’s stock worth $54,000 after buying an additional 288 shares in the last quarter. Finally, Wealthspire Advisors LLC grew its holdings in iShares U.S. Energy ETF by 3.9% during the 4th quarter. Wealthspire Advisors LLC now owns 7,724 shares of the company’s stock worth $352,000 after acquiring an additional 290 shares during the last quarter.

iShares U.S. Energy ETF Price Performance

IYE opened at $42.72 on Tuesday. The stock has a market capitalization of $1.13 billion, a P/E ratio of 13.67 and a beta of 0.95. The company’s 50 day simple moving average is $45.14 and its 200-day simple moving average is $46.89. iShares U.S. Energy ETF has a one year low of $39.35 and a one year high of $51.61.

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.