SPC Financial Inc. Sells 2,482 Shares of iShares U.S. Energy ETF $IYE

SPC Financial Inc. lowered its stake in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) by 28.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 6,323 shares of the company’s stock after selling 2,482 shares during the quarter. SPC Financial Inc.’s holdings in iShares U.S. Energy ETF were worth $286,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. PGIM Custom Harvest LLC lifted its stake in iShares U.S. Energy ETF by 2.3% during the 1st quarter. PGIM Custom Harvest LLC now owns 1,486,973 shares of the company’s stock valued at $73,308,000 after acquiring an additional 33,368 shares during the period. Royal Bank of Canada lifted its stake in iShares U.S. Energy ETF by 4.9% during the 1st quarter. Royal Bank of Canada now owns 367,478 shares of the company’s stock valued at $18,116,000 after acquiring an additional 17,249 shares during the period. Cetera Investment Advisers lifted its stake in iShares U.S. Energy ETF by 8.3% during the 1st quarter. Cetera Investment Advisers now owns 185,521 shares of the company’s stock valued at $9,146,000 after acquiring an additional 14,166 shares during the period. Summit Financial Consulting LLC lifted its stake in iShares U.S. Energy ETF by 15.3% during the 2nd quarter. Summit Financial Consulting LLC now owns 129,917 shares of the company’s stock valued at $5,875,000 after acquiring an additional 17,206 shares during the period. Finally, Kestra Advisory Services LLC lifted its stake in 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 valued at $5,492,000 after acquiring an additional 59,903 shares during the period. Institutional investors own 52.46% of the company’s stock.

iShares U.S. Energy ETF Stock Performance

IYE opened at $45.39 on Monday. The company’s 50-day simple moving average is $46.79 and its two-hundred day simple moving average is $45.49. iShares U.S. Energy ETF has a 52-week low of $39.35 and a 52-week high of $51.61. The stock has a market capitalization of $1.10 billion, a P/E ratio of 15.53 and a beta of 1.37.

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.