Pekin Hardy Strauss Inc. Purchases New Stake in iShares U.S. Energy ETF (NYSEARCA:IYE)

Pekin Hardy Strauss Inc. acquired a new position in iShares U.S. Energy ETF (NYSEARCA:IYE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,275 shares of the company’s stock, valued at approximately $244,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IYE. Icon Wealth Advisors LLC raised its stake in shares of iShares U.S. Energy ETF by 15.5% in the third quarter. Icon Wealth Advisors LLC now owns 3,069 shares of the company’s stock valued at $142,000 after buying an additional 412 shares during the period. Prospera Financial Services Inc increased its holdings in iShares U.S. Energy ETF by 42.7% in the 3rd quarter. Prospera Financial Services Inc now owns 49,100 shares of the company’s stock worth $2,276,000 after acquiring an additional 14,686 shares during the last quarter. AMG National Trust Bank raised its stake in iShares U.S. Energy ETF by 2.8% in the 3rd quarter. AMG National Trust Bank now owns 146,733 shares of the company’s stock valued at $6,800,000 after acquiring an additional 3,946 shares during the period. Ritter Daniher Financial Advisory LLC DE purchased a new stake in iShares U.S. Energy ETF during the third quarter valued at about $49,000. Finally, OneDigital Investment Advisors LLC boosted its position in iShares U.S. Energy ETF by 53.0% during the third quarter. OneDigital Investment Advisors LLC now owns 48,862 shares of the company’s stock worth $2,264,000 after purchasing an additional 16,931 shares during the period.

iShares U.S. Energy ETF Stock Down 2.0 %

IYE opened at $50.37 on Tuesday. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 8.60 and a beta of 0.54. The firm has a 50-day moving average price of $48.03 and a 200-day moving average price of $47.71. iShares U.S. Energy ETF has a twelve month low of $41.46 and a twelve month 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.