Private Advisor Group LLC Buys 3,722 Shares of iShares U.S. Energy ETF (NYSEARCA:IYE)

Private Advisor Group LLC grew its stake in iShares U.S. Energy ETF (NYSEARCA:IYE) by 15.1% during the third quarter, Holdings Channel.com reports. The fund owned 28,313 shares of the company’s stock after purchasing an additional 3,722 shares during the quarter. Private Advisor Group LLC’s holdings in iShares U.S. Energy ETF were worth $1,312,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in iShares U.S. Energy ETF by 67.2% in the 1st quarter. Blue Trust Inc. now owns 23,788 shares of the company’s stock worth $1,175,000 after acquiring an additional 9,557 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its position in shares of iShares U.S. Energy ETF by 5.5% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,027 shares of the company’s stock worth $289,000 after purchasing an additional 312 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in shares of iShares U.S. Energy ETF by 9.4% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 15,890 shares of the company’s stock worth $759,000 after purchasing an additional 1,363 shares during the period. Kingsview Wealth Management LLC purchased a new stake in shares of iShares U.S. Energy ETF in the 1st quarter worth approximately $2,636,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of iShares U.S. Energy ETF in the 2nd quarter worth approximately $114,000.

iShares U.S. Energy ETF Stock Performance

Shares of IYE opened at $46.58 on Friday. The company has a 50 day moving average price of $46.98 and a 200-day moving average price of $47.71. iShares U.S. Energy ETF has a fifty-two week low of $41.46 and a fifty-two week high of $51.70. The stock has a market capitalization of $1.28 billion, a PE ratio of 8.60 and a beta of 0.54.

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.