Navellier & Associates Inc. Purchases Shares of 10,537 iShares U.S. Energy ETF (NYSEARCA:IYE)

Navellier & Associates Inc. purchased a new stake in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,537 shares of the company’s stock, valued at approximately $480,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in iShares U.S. Energy ETF by 5.8% during the third quarter. JPMorgan Chase & Co. now owns 273,453 shares of the company’s stock valued at $12,672,000 after buying an additional 15,059 shares in the last quarter. EP Wealth Advisors LLC lifted its position in shares of iShares U.S. Energy ETF by 29.3% during the third quarter. EP Wealth Advisors LLC now owns 3,365 shares of the company’s stock worth $156,000 after purchasing an additional 763 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of iShares U.S. Energy ETF by 0.8% during the third quarter. Janney Montgomery Scott LLC now owns 60,150 shares of the company’s stock worth $2,787,000 after purchasing an additional 486 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of iShares U.S. Energy ETF by 15.1% during the third quarter. Private Advisor Group LLC now owns 28,313 shares of the company’s stock worth $1,312,000 after purchasing an additional 3,722 shares in the last quarter. Finally, MML Investors Services LLC lifted its position in shares of iShares U.S. Energy ETF by 32.8% during the third quarter. MML Investors Services LLC now owns 53,548 shares of the company’s stock worth $2,481,000 after purchasing an additional 13,240 shares in the last quarter.

iShares U.S. Energy ETF Trading Down 2.2 %

NYSEARCA IYE opened at $48.00 on Monday. The company’s fifty day simple moving average is $47.12 and its 200-day simple moving average is $47.55. iShares U.S. Energy ETF has a 52 week low of $43.71 and a 52 week high of $51.70. The stock has a market cap of $1.32 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.