Quadrant Private Wealth Management LLC Buys 1,976 Shares of iShares U.S. Energy ETF (NYSEARCA:IYE)

Quadrant Private Wealth Management LLC raised its stake in iShares U.S. Energy ETF (NYSEARCA:IYE) by 33.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,903 shares of the company’s stock after buying an additional 1,976 shares during the period. Quadrant Private Wealth Management LLC’s holdings in iShares U.S. Energy ETF were worth $360,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Management Professionals Inc. boosted its position in shares of iShares U.S. Energy ETF by 345.4% during the 3rd quarter. Financial Management Professionals Inc. now owns 824 shares of the company’s stock valued at $38,000 after purchasing an additional 639 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of iShares U.S. Energy ETF during the 3rd quarter valued at about $49,000. Brown Brothers Harriman & Co. bought a new stake in shares of iShares U.S. Energy ETF during the 3rd quarter valued at about $60,000. Golden State Wealth Management LLC acquired a new position in iShares U.S. Energy ETF during the 4th quarter worth approximately $119,000. Finally, Icon Wealth Advisors LLC raised its stake in iShares U.S. Energy ETF by 15.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 3,069 shares of the company’s stock worth $142,000 after buying an additional 412 shares during the period.

iShares U.S. Energy ETF Stock Performance

IYE stock opened at $47.63 on Friday. The stock’s 50 day simple moving average is $47.06 and its 200 day simple moving average is $47.49. iShares U.S. Energy ETF has a fifty-two week low of $43.61 and a fifty-two week high of $51.70. The company has a market cap of $1.31 billion, a P/E ratio of 8.60 and a beta of 0.54.

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.