CrossGen Wealth LLC Makes New $434,000 Investment in iShares U.S. Energy ETF $IYE

CrossGen Wealth LLC bought a new stake in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 9,134 shares of the company’s stock, valued at approximately $434,000.

A number of other institutional investors have also recently made changes to their positions in IYE. BNP Paribas Financial Markets grew its position in iShares U.S. Energy ETF by 936.5% in the second quarter. BNP Paribas Financial Markets now owns 217,548 shares of the company’s stock worth $9,838,000 after acquiring an additional 196,559 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of iShares U.S. Energy ETF by 14.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 722,662 shares of the company’s stock valued at $34,348,000 after purchasing an additional 90,366 shares during the last quarter. Wealthstar Advisors LLC bought a new stake in shares of iShares U.S. Energy ETF in the 4th quarter valued at approximately $2,543,000. Corient Private Wealth LLC boosted its holdings in shares of 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 $3,087,000 after purchasing an additional 48,308 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new position in shares of iShares U.S. Energy ETF in the 3rd quarter worth approximately $2,193,000. Institutional investors own 52.46% of the company’s stock.

iShares U.S. Energy ETF Stock Performance

NYSEARCA IYE opened at $56.77 on Friday. The business’s 50 day moving average price is $60.87 and its 200-day moving average price is $56.85. iShares U.S. Energy ETF has a fifty-two week low of $44.78 and a fifty-two week high of $67.07. The company has a market cap of $1.62 billion, a P/E 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.