Foundation Wealth Management LLC Has $1.16 Million Stock Holdings in iShares U.S. Energy ETF (NYSEARCA:IYE)

Foundation Wealth Management LLC trimmed its stake in iShares U.S. Energy ETF (NYSEARCA:IYE) by 1.7% in the third quarter, Holdings Channel reports. The firm owned 24,989 shares of the company’s stock after selling 439 shares during the quarter. iShares U.S. Energy ETF comprises approximately 0.9% of Foundation Wealth Management LLC’s investment portfolio, making the stock its 21st biggest position. Foundation Wealth Management LLC’s holdings in iShares U.S. Energy ETF were worth $1,158,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Retirement Planning Group LLC grew its stake in iShares U.S. Energy ETF by 3.4% in the third quarter. Retirement Planning Group LLC now owns 6,784 shares of the company’s stock valued at $314,000 after purchasing an additional 221 shares in the last quarter. Rosenberg Matthew Hamilton boosted its stake in shares of iShares U.S. Energy ETF by 3.1% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 8,005 shares of the company’s stock worth $384,000 after acquiring an additional 243 shares during the period. Ameritas Advisory Services LLC boosted its stake in shares of iShares U.S. Energy ETF by 3.6% during the 2nd quarter. Ameritas Advisory Services LLC now owns 7,676 shares of the company’s stock worth $368,000 after acquiring an additional 266 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 worth $1,779,000 after acquiring an additional 277 shares during the period. Finally, Fifth Third Bancorp boosted its stake in shares of iShares U.S. Energy ETF by 97.7% during the 2nd quarter. Fifth Third Bancorp now owns 613 shares of the company’s stock worth $29,000 after acquiring an additional 303 shares during the period.

iShares U.S. Energy ETF Stock Down 0.6 %

Shares of NYSEARCA IYE traded down $0.26 during midday trading on Friday, hitting $46.32. 124,505 shares of the company’s stock were exchanged, compared to its average volume of 408,287. iShares U.S. Energy ETF has a 12 month low of $41.46 and a 12 month high of $51.70. The company’s 50 day moving average price is $46.95 and its 200 day moving average price is $47.68. The firm has a market capitalization of $1.27 billion, a PE ratio of 8.60 and a beta of 0.54.

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.