NewEdge Advisors LLC Purchases 28,031 Shares of iShares U.S. Energy ETF $IYE

NewEdge Advisors LLC raised its position in iShares U.S. Energy ETF (NYSEARCA:IYE) by 70.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,833 shares of the company’s stock after buying an additional 28,031 shares during the period. NewEdge Advisors LLC owned 0.24% of iShares U.S. Energy ETF worth $4,394,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. RMG Wealth Management LLC bought a new position in shares of iShares U.S. Energy ETF in the first quarter valued at approximately $25,000. Greykasell Wealth Strategies Inc. acquired a new position in shares of iShares U.S. Energy ETF in the 4th quarter worth approximately $33,000. NBT Bank N A NY grew its position in iShares U.S. Energy ETF by 1,647.9% during the 1st quarter. NBT Bank N A NY now owns 839 shares of the company’s stock worth $54,000 after acquiring an additional 791 shares during the last quarter. Headlands Technologies LLC bought a new stake in iShares U.S. Energy ETF during the 2nd quarter worth approximately $49,000. Finally, Triumph Capital Management bought a new stake in iShares U.S. Energy ETF during the 3rd quarter worth approximately $58,000. 52.46% of the stock is owned by institutional investors.

iShares U.S. Energy ETF Price Performance

IYE stock opened at $62.56 on Friday. The business has a fifty day moving average price of $59.91 and a 200 day moving average price of $59.26. iShares U.S. Energy ETF has a fifty-two week low of $44.78 and a fifty-two week high of $67.07. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 15.53 and a beta of 0.44.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.