Counterweight Ventures LLC Reduces Stock Position in iShares U.S. Energy ETF (NYSEARCA:IYE)

Counterweight Ventures LLC lowered its stake in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,296 shares of the company’s stock after selling 221 shares during the quarter. Counterweight Ventures LLC’s holdings in iShares U.S. Energy ETF were worth $651,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IYE. Ferguson Wellman Capital Management Inc. raised its stake in shares of iShares U.S. Energy ETF by 3,857.2% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 292,319 shares of the company’s stock valued at $13,546,000 after acquiring an additional 284,932 shares during the period. JPMorgan Chase & Co. raised its position in iShares U.S. Energy ETF by 5.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 273,453 shares of the company’s stock valued at $12,672,000 after purchasing an additional 15,059 shares in the last quarter. AMG National Trust Bank raised its holdings in iShares U.S. Energy ETF by 2.8% in the third quarter. AMG National Trust Bank now owns 146,733 shares of the company’s stock valued at $6,800,000 after acquiring an additional 3,946 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of iShares U.S. Energy ETF by 4,084.7% during the 3rd quarter. International Assets Investment Management LLC now owns 99,260 shares of the company’s stock worth $4,600,000 after purchasing an additional 96,888 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of iShares U.S. Energy ETF by 0.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 60,150 shares of the company’s stock worth $2,787,000 after acquiring an additional 486 shares in the last quarter.

iShares U.S. Energy ETF Stock Performance

IYE stock opened at $46.94 on Friday. The company’s 50 day moving average is $47.29 and its two-hundred day moving average is $47.52. iShares U.S. Energy ETF has a twelve month low of $43.33 and a twelve month high of $51.70. The stock has a market cap of $1.29 billion, a P/E ratio of 8.60 and a beta of 0.54.

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.