Bright Rock Capital Management LLC Reduces Holdings in iShares U.S. Energy ETF $IYE

Bright Rock Capital Management LLC reduced its position in iShares U.S. Energy ETF (NYSEARCA:IYE) by 66.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,000 shares of the company’s stock after selling 200,000 shares during the period. Bright Rock Capital Management LLC’s holdings in iShares U.S. Energy ETF were worth $5,659,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of IYE. Bank of America Corp DE increased its position in shares of iShares U.S. Energy ETF by 56.6% during the first quarter. Bank of America Corp DE now owns 1,526,984 shares of the company’s stock worth $98,903,000 after acquiring an additional 551,736 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in iShares U.S. Energy ETF by 936.5% in the second quarter. BNP Paribas Financial Markets now owns 217,548 shares of the company’s stock valued at $9,838,000 after purchasing an additional 196,559 shares during the last quarter. WealthCare Asset Management LLC purchased a new position in iShares U.S. Energy ETF in the first quarter valued at about $8,408,000. CoreCap Advisors LLC boosted its holdings in iShares U.S. Energy ETF by 4,086.9% in the second quarter. CoreCap Advisors LLC now owns 104,254 shares of the company’s stock valued at $5,900,000 after purchasing an additional 101,764 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in iShares U.S. Energy ETF by 14.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 722,662 shares of the company’s stock valued at $34,348,000 after purchasing an additional 90,366 shares in the last quarter. 52.46% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Energy ETF Stock Down 1.1%

IYE stock opened at $61.23 on Friday. iShares U.S. Energy ETF has a 52-week low of $44.78 and a 52-week high of $67.07. The stock’s 50 day moving average is $59.98 and its two-hundred day moving average is $59.69. The company has a market capitalization of $1.71 billion, a PE ratio of 15.53 and a beta of 0.44.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.