Avidian Wealth Enterprises LLC Cuts Stake in iShares U.S. Energy ETF (NYSEARCA:IYE)

Avidian Wealth Enterprises LLC cut its holdings in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,496 shares of the company’s stock after selling 493 shares during the quarter. Avidian Wealth Enterprises LLC owned 0.21% of iShares U.S. Energy ETF worth $2,664,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Fifth Third Bancorp lifted its stake in iShares U.S. Energy ETF by 97.7% in the second quarter. Fifth Third Bancorp now owns 613 shares of the company’s stock worth $29,000 after purchasing an additional 303 shares during the last quarter. Beacon Capital Management LLC boosted its holdings in iShares U.S. Energy ETF by 1,848.4% during the 1st quarter. Beacon Capital Management LLC now owns 604 shares of the company’s stock valued at $30,000 after acquiring an additional 573 shares during the period. EverSource Wealth Advisors LLC grew its position in iShares U.S. Energy ETF by 198.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock worth $33,000 after acquiring an additional 446 shares during the last quarter. Financial Management Professionals Inc. increased its stake in iShares U.S. Energy ETF by 345.4% in the 3rd quarter. Financial Management Professionals Inc. now owns 824 shares of the company’s stock worth $38,000 after purchasing an additional 639 shares during the period. Finally, HHM Wealth Advisors LLC bought a new stake in iShares U.S. Energy ETF in the second quarter valued at approximately $41,000.

iShares U.S. Energy ETF Stock Performance

NYSEARCA:IYE opened at $47.53 on Wednesday. iShares U.S. Energy ETF has a fifty-two week low of $41.46 and a fifty-two week high of $51.70. The firm has a market cap of $1.31 billion, a PE ratio of 8.60 and a beta of 0.54. The business has a 50 day moving average price of $46.93 and a 200-day moving average price of $47.64.

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.