iShares U.S. Energy ETF $IYE Stock: Narwhal Capital Management Lowers Holdings

Narwhal Capital Management trimmed its position in iShares U.S. Energy ETF (NYSEARCA:IYE) by 94.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 8,825 shares of the company’s stock after selling 165,553 shares during the period. Narwhal Capital Management’s holdings in iShares U.S. Energy ETF were worth $572,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of IYE. Trilogy Capital Inc. boosted its holdings in shares of iShares U.S. Energy ETF by 4.2% during the 2nd quarter. Trilogy Capital Inc. now owns 4,386 shares of the company’s stock valued at $248,000 after acquiring an additional 177 shares in the last quarter. Lakeshore Capital Group Inc. grew its position in iShares U.S. Energy ETF by 3.1% during the 3rd quarter. Lakeshore Capital Group Inc. now owns 7,061 shares of the company’s stock worth $458,000 after acquiring an additional 211 shares during the last quarter. Adirondack Capital Advisors LLC increased its holdings 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 acquired a new position in iShares U.S. Energy ETF in the 1st quarter worth about $25,000. Finally, Symphony Financial Services Inc. increased its holdings 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 currently owned by institutional investors.

iShares U.S. Energy ETF Trading Up 0.4%

Shares of NYSEARCA IYE opened at $65.76 on Wednesday. The firm’s 50-day moving average price is $68.53 and its 200-day moving average price is $62.60. The firm has a market capitalization of $1.75 billion, a P/E ratio of 15.53 and a beta of 0.45. iShares U.S. Energy ETF has a 1-year low of $46.15 and a 1-year high of $73.91.

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.