Royal Bank of Canada Has $25.10 Million Holdings in iShares U.S. Energy ETF $IYE

Royal Bank of Canada increased its holdings in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) by 8.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 387,503 shares of the company’s stock after purchasing an additional 30,333 shares during the period. Royal Bank of Canada’s holdings in iShares U.S. Energy ETF were worth $25,100,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Summit Financial Consulting LLC boosted its stake in iShares U.S. Energy ETF by 11.5% in the 4th quarter. Summit Financial Consulting LLC now owns 153,227 shares of the company’s stock worth $7,283,000 after purchasing an additional 15,818 shares during the period. UBS Group AG raised its stake in shares of iShares U.S. Energy ETF by 3.0% in the 4th quarter. UBS Group AG now owns 603,424 shares of the company’s stock valued at $28,681,000 after purchasing an additional 17,453 shares during the period. Gerald Baker Financial Group LLC acquired a new stake in shares of iShares U.S. Energy ETF in the 1st quarter valued at about $3,969,000. Astoria Portfolio Advisors LLC. bought a new stake in shares of iShares U.S. Energy ETF in the first quarter valued at about $641,000. Finally, Allen Investment Management LLC bought a new stake in shares of iShares U.S. Energy ETF in the fourth quarter valued at about $1,120,000. 52.46% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Energy ETF Price Performance

IYE stock opened at $62.25 on Wednesday. The stock has a market capitalization of $1.73 billion, a P/E ratio of 15.53 and a beta of 0.44. iShares U.S. Energy ETF has a fifty-two week low of $44.78 and a fifty-two week high of $67.07. The business has a 50-day moving average of $59.92 and a 200-day moving average of $59.53.

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.