Smartleaf Asset Management LLC Takes Position in iShares U.S. Energy ETF $IYE

Smartleaf Asset Management LLC bought a new position in iShares U.S. Energy ETF (NYSEARCA:IYE) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 10,507 shares of the company’s stock, valued at approximately $504,000.

Other institutional investors have also recently added to or reduced their stakes in the company. AlphaCore Capital LLC raised its position in iShares U.S. Energy ETF by 1,303.5% in the second quarter. AlphaCore Capital LLC now owns 3,635 shares of the company’s stock valued at $164,000 after purchasing an additional 3,376 shares during the period. Corient Private Wealth LLC boosted its holdings in iShares U.S. Energy ETF by 242.3% in the 2nd quarter. Corient Private Wealth LLC now owns 68,249 shares of the company’s stock worth $3,086,000 after acquiring an additional 48,308 shares during the period. Journey Strategic Wealth LLC grew its position in iShares U.S. Energy ETF by 43.7% in the second quarter. Journey Strategic Wealth LLC now owns 22,817 shares of the company’s stock valued at $1,032,000 after acquiring an additional 6,939 shares in the last quarter. Bank of Montreal Can raised its stake in shares of iShares U.S. Energy ETF by 131.5% during the second quarter. Bank of Montreal Can now owns 8,486 shares of the company’s stock valued at $384,000 after purchasing an additional 4,820 shares during the period. Finally, Prospera Financial Services Inc raised its stake in shares of iShares U.S. Energy ETF by 2.8% during the second quarter. Prospera Financial Services Inc now owns 59,987 shares of the company’s stock valued at $2,713,000 after purchasing an additional 1,657 shares during the period. Hedge funds and other institutional investors own 52.46% of the company’s stock.

iShares U.S. Energy ETF Trading Up 2.5%

Shares of IYE stock opened at $58.07 on Thursday. The firm has a fifty day simple moving average of $50.26 and a 200-day simple moving average of $48.10. The company has a market capitalization of $1.41 billion, a PE ratio of 15.53 and a beta of 0.78. iShares U.S. Energy ETF has a twelve month low of $39.35 and a twelve month high of $58.18.

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