iShares U.S. Energy ETF $IYE Stock Holdings Lessened by Forte Asset Management LLC

Forte Asset Management LLC cut its stake in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) by 42.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,570 shares of the company’s stock after selling 19,216 shares during the period. Forte Asset Management LLC’s holdings in iShares U.S. Energy ETF were worth $1,722,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Trilogy Capital Inc. lifted its holdings in shares of iShares U.S. Energy ETF by 4.2% during the second quarter. Trilogy Capital Inc. now owns 4,386 shares of the company’s stock valued at $248,000 after purchasing an additional 177 shares during the last quarter. Northwest Wealth Advisors LLC boosted its position in shares of iShares U.S. Energy ETF by 2.8% in the 1st quarter. Northwest Wealth Advisors LLC now owns 11,996 shares of the company’s stock valued at $777,000 after purchasing an additional 329 shares during the period. Adirondack Capital Advisors LLC increased its stake in iShares U.S. Energy ETF by 6.3% in the 2nd quarter. Adirondack Capital Advisors LLC now owns 6,060 shares of the company’s stock worth $343,000 after purchasing an additional 360 shares in the last quarter. RMG Wealth Management LLC purchased a new position in iShares U.S. Energy ETF in the 1st quarter worth about $25,000. Finally, Symphony Financial Services Inc. increased its stake in iShares U.S. Energy ETF by 6.8% in the 1st quarter. Symphony Financial Services Inc. now owns 7,929 shares of the company’s stock worth $514,000 after purchasing an additional 502 shares in the last quarter. 52.46% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Energy ETF Trading Up 1.9%

NYSEARCA IYE opened at $70.82 on Wednesday. The stock’s 50-day moving average price is $66.62 and its two-hundred day moving average price is $62.82. The company has a market cap of $1.79 billion, a PE ratio of 15.53 and a beta of 0.51. iShares U.S. Energy ETF has a 1 year low of $45.12 and a 1 year high of $70.86.

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.