Bellwether Advisors LLC Purchases 5,340 Shares of iShares U.S. Energy ETF (NYSEARCA:IYE)

Bellwether Advisors LLC boosted its holdings in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 112,732 shares of the company’s stock after purchasing an additional 5,340 shares during the quarter. iShares U.S. Energy ETF comprises approximately 1.1% of Bellwether Advisors LLC’s holdings, making the stock its 21st largest position. Bellwether Advisors LLC’s holdings in iShares U.S. Energy ETF were worth $5,411,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in iShares U.S. Energy ETF by 97.7% during the second quarter. Fifth Third Bancorp now owns 613 shares of the company’s stock worth $29,000 after acquiring an additional 303 shares during the period. Beacon Capital Management LLC grew its position in iShares U.S. Energy ETF by 1,848.4% during the first quarter. Beacon Capital Management LLC now owns 604 shares of the company’s stock worth $30,000 after buying an additional 573 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in iShares U.S. Energy ETF by 187.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 914 shares of the company’s stock valued at $40,000 after acquiring an additional 596 shares during the period. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of iShares U.S. Energy ETF in the 4th quarter worth approximately $50,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in shares of iShares U.S. Energy ETF during the 4th quarter worth approximately $58,000.

iShares U.S. Energy ETF Trading Up 0.3 %

IYE stock traded up $0.13 during midday trading on Friday, hitting $48.04. The stock had a trading volume of 142,261 shares, compared to its average volume of 447,182. iShares U.S. Energy ETF has a 52 week low of $41.46 and a 52 week high of $51.70. The stock has a 50-day simple moving average of $47.68 and a 200 day simple moving average of $47.86. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 8.60 and a beta of 0.54.

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.