Magnus Financial Group LLC Decreases Position in iShares U.S. Energy ETF (NYSEARCA:IYE)

Magnus Financial Group LLC decreased its holdings in iShares U.S. Energy ETF (NYSEARCA:IYE) by 9.9% in the first quarter, Holdings Channel reports. The fund owned 8,355 shares of the company’s stock after selling 913 shares during the period. Magnus Financial Group LLC’s holdings in iShares U.S. Energy ETF were worth $412,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Truist Financial Corp raised its holdings in iShares U.S. Energy ETF by 4.1% in the 4th quarter. Truist Financial Corp now owns 26,708 shares of the company’s stock valued at $1,217,000 after acquiring an additional 1,051 shares during the last quarter. Atria Investments Inc raised its holdings in iShares U.S. Energy ETF by 10.6% in the 4th quarter. Atria Investments Inc now owns 11,785 shares of the company’s stock valued at $537,000 after acquiring an additional 1,134 shares during the last quarter. D.A. Davidson & CO. acquired a new stake in iShares U.S. Energy ETF in the 4th quarter valued at about $205,000. Farther Finance Advisors LLC raised its holdings in iShares U.S. Energy ETF by 41.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,424 shares of the company’s stock valued at $110,000 after acquiring an additional 710 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in iShares U.S. Energy ETF by 22.4% in the 4th quarter. HighTower Advisors LLC now owns 55,138 shares of the company’s stock valued at $2,513,000 after acquiring an additional 10,095 shares during the last quarter.

iShares U.S. Energy ETF Trading Up 1.9%

IYE stock opened at $44.45 on Friday. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 13.94 and a beta of 0.80. 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 50-day moving average of $43.47 and a two-hundred day moving average of $46.23.

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.