iShares U.S. Energy ETF $IYE Shares Sold by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC lessened its position in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) by 85.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,577 shares of the company’s stock after selling 26,811 shares during the quarter. Summit Financial Wealth Advisors LLC’s holdings in iShares U.S. Energy ETF were worth $207,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in iShares U.S. Energy ETF by 936.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 217,548 shares of the company’s stock valued at $9,838,000 after acquiring an additional 196,559 shares in the last quarter. Banco Santander S.A. acquired a new stake in shares of iShares U.S. Energy ETF in the second quarter valued at approximately $8,796,000. Thrivent Financial for Lutherans grew its position in shares of iShares U.S. Energy ETF by 126.1% in the second quarter. Thrivent Financial for Lutherans now owns 123,388 shares of the company’s stock valued at $5,580,000 after purchasing an additional 68,819 shares during the last quarter. Forte Asset Management LLC purchased a new position in shares of iShares U.S. Energy ETF during the 2nd quarter worth approximately $2,826,000. Finally, Kestra Advisory Services LLC raised its position in shares of iShares U.S. Energy ETF by 116.3% during the 1st quarter. Kestra Advisory Services LLC now owns 111,394 shares of the company’s stock worth $5,492,000 after purchasing an additional 59,903 shares during the last quarter. 52.46% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Energy ETF Stock Performance

IYE stock opened at $48.31 on Monday. The stock’s 50 day moving average price is $47.37 and its 200 day moving average price is $46.66. The firm has a market cap of $1.15 billion, a P/E ratio of 15.53 and a beta of 0.78. iShares U.S. Energy ETF has a 1 year low of $39.35 and a 1 year high of $50.11.

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.