Janney Montgomery Scott LLC Decreases Stock Position in iShares U.S. Energy ETF (NYSEARCA:IYE)

Janney Montgomery Scott LLC cut its stake in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) by 4.2% in the 4th quarter, HoldingsChannel reports. The fund owned 57,608 shares of the company’s stock after selling 2,542 shares during the quarter. Janney Montgomery Scott LLC’s holdings in iShares U.S. Energy ETF were worth $2,625,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Retirement Planning Group LLC raised its stake in shares of iShares U.S. Energy ETF by 3.4% during the third quarter. Retirement Planning Group LLC now owns 6,784 shares of the company’s stock valued at $314,000 after acquiring an additional 221 shares during the last quarter. Ballew Advisors Inc increased its holdings in iShares U.S. Energy ETF by 1.2% during the 4th quarter. Ballew Advisors Inc now owns 22,471 shares of the company’s stock valued at $1,079,000 after purchasing an additional 263 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in iShares U.S. Energy ETF by 0.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 37,068 shares of the company’s stock valued at $1,779,000 after purchasing an additional 277 shares during the last quarter. One Wealth Advisors LLC lifted its holdings in iShares U.S. Energy ETF by 5.1% in the 3rd quarter. One Wealth Advisors LLC now owns 7,710 shares of the company’s stock worth $357,000 after buying an additional 373 shares during the period. Finally, Icon Wealth Advisors LLC lifted its holdings in iShares U.S. Energy ETF by 15.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 3,069 shares of the company’s stock worth $142,000 after buying an additional 412 shares during the period.

iShares U.S. Energy ETF Stock Performance

IYE opened at $46.46 on Friday. The stock has a market capitalization of $1.28 billion, a PE ratio of 8.60 and a beta of 0.54. The stock’s 50 day moving average price is $47.63 and its 200-day moving average price is $47.58. iShares U.S. Energy ETF has a 52-week low of $42.99 and a 52-week high of $51.70.

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.