223,922 Shares in iShares U.S. Energy ETF (NYSEARCA:IYE) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) during the 4th quarter, Holdings Channel.com reports. The firm acquired 223,922 shares of the company’s stock, valued at approximately $10,204,000.

Other hedge funds have also added to or reduced their stakes in the company. Key Financial Inc acquired a new stake in shares of iShares U.S. Energy ETF in the 4th quarter valued at about $27,000. JFS Wealth Advisors LLC raised its stake in shares of iShares U.S. Energy ETF by 820.8% in the 4th quarter. JFS Wealth Advisors LLC now owns 663 shares of the company’s stock valued at $30,000 after purchasing an additional 591 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of iShares U.S. Energy ETF in the 3rd quarter valued at about $60,000. Golden State Wealth Management LLC acquired a new stake in shares of iShares U.S. Energy ETF in the 4th quarter valued at about $119,000. Finally, Icon Wealth Advisors LLC raised its stake in shares of 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 valued at $142,000 after purchasing an additional 412 shares during the period.

iShares U.S. Energy ETF Stock Performance

NYSEARCA:IYE opened at $48.41 on Friday. The stock’s 50-day simple moving average is $47.67 and its 200 day simple moving average is $47.48. The company has a market cap of $1.31 billion, a P/E ratio of 14.66 and a beta of 1.25. iShares U.S. Energy ETF has a 52-week low of $43.71 and a 52-week high of $51.70.

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.