SPC Financial Inc. Decreases Holdings in iShares U.S. Energy ETF (NYSEARCA:IYE)

SPC Financial Inc. trimmed its holdings in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) by 7.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,853 shares of the company’s stock after selling 1,015 shares during the quarter. SPC Financial Inc.’s holdings in iShares U.S. Energy ETF were worth $635,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in IYE. Sound Income Strategies LLC raised its position in shares of iShares U.S. Energy ETF by 84,100.0% during the 4th quarter. Sound Income Strategies LLC now owns 842 shares of the company’s stock valued at $37,000 after buying an additional 841 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of iShares U.S. Energy ETF by 187.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 914 shares of the company’s stock valued at $40,000 after buying an additional 596 shares in the last quarter. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of iShares U.S. Energy ETF during the 4th quarter valued at about $50,000. Planned Solutions Inc. purchased a new stake in shares of iShares U.S. Energy ETF during the 4th quarter valued at about $53,000. Finally, Trust Co. of Vermont purchased a new stake in shares of iShares U.S. Energy ETF during the 3rd quarter valued at about $56,000.

iShares U.S. Energy ETF Stock Up 1.2 %

NYSEARCA:IYE traded up $0.57 during mid-day trading on Thursday, hitting $47.72. 303,440 shares of the stock traded hands, compared to its average volume of 503,369. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 8.60 and a beta of 0.54. iShares U.S. Energy ETF has a 52 week low of $41.46 and a 52 week high of $51.70. The firm’s 50 day moving average is $48.01 and its two-hundred day moving average is $46.86.

iShares U.S. Energy ETF Company 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.