Counterweight Ventures LLC Raises Position in iShares U.S. Energy ETF $IYE

Counterweight Ventures LLC raised its stake in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) by 257.3% during the first quarter, HoldingsChannel reports. The firm owned 46,335 shares of the company’s stock after buying an additional 33,367 shares during the quarter. iShares U.S. Energy ETF comprises 1.7% of Counterweight Ventures LLC’s holdings, making the stock its 23rd largest position. Counterweight Ventures LLC’s holdings in iShares U.S. Energy ETF were worth $3,001,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Financial Partners Group Inc grew its stake in iShares U.S. Energy ETF by 1.9% in the fourth quarter. Financial Partners Group Inc now owns 10,434 shares of the company’s stock valued at $496,000 after purchasing an additional 193 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in iShares U.S. Energy ETF by 1.6% in the fourth quarter. Arkadios Wealth Advisors now owns 13,022 shares of the company’s stock worth $619,000 after purchasing an additional 205 shares in the last quarter. Retirement Planning Group LLC lifted its position in shares of iShares U.S. Energy ETF by 2.0% during the fourth quarter. Retirement Planning Group LLC now owns 10,851 shares of the company’s stock valued at $516,000 after buying an additional 212 shares during the last quarter. Waterloo Capital L.P. lifted its position in shares of iShares U.S. Energy ETF by 0.7% during the fourth quarter. Waterloo Capital L.P. now owns 37,390 shares of the company’s stock valued at $1,777,000 after buying an additional 266 shares during the last quarter. Finally, Vivaldi Capital Management LP boosted its holdings in shares of iShares U.S. Energy ETF by 3.3% in the 4th quarter. Vivaldi Capital Management LP now owns 8,974 shares of the company’s stock valued at $427,000 after buying an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 52.46% of the company’s stock.

iShares U.S. Energy ETF Stock Performance

NYSEARCA:IYE opened at $56.75 on Friday. The company’s 50-day simple moving average is $60.26 and its 200-day simple moving average is $57.44. iShares U.S. Energy ETF has a fifty-two week low of $44.78 and a fifty-two week high of $67.07. The stock has a market capitalization of $1.53 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.