Forte Asset Management LLC Makes New Investment in iShares U.S. Energy ETF $IYE

Forte Asset Management LLC acquired a new position in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 62,485 shares of the company’s stock, valued at approximately $2,826,000. iShares U.S. Energy ETF makes up approximately 1.4% of Forte Asset Management LLC’s holdings, making the stock its 26th largest position. Forte Asset Management LLC owned approximately 0.25% of iShares U.S. Energy ETF at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of IYE. Wealth Enhancement Advisory Services LLC grew its stake in iShares U.S. Energy ETF by 12.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,664 shares of the company’s stock worth $1,117,000 after buying an additional 2,531 shares in the last quarter. Golden State Wealth Management LLC grew its stake in iShares U.S. Energy ETF by 103.6% during the first quarter. Golden State Wealth Management LLC now owns 5,323 shares of the company’s stock worth $263,000 after buying an additional 2,708 shares in the last quarter. Sunbelt Securities Inc. grew its stake in iShares U.S. Energy ETF by 2.5% during the first quarter. Sunbelt Securities Inc. now owns 40,242 shares of the company’s stock worth $1,984,000 after buying an additional 974 shares in the last quarter. Wealthstar Advisors LLC grew its stake in iShares U.S. Energy ETF by 11.8% during the first quarter. Wealthstar Advisors LLC now owns 41,893 shares of the company’s stock worth $2,065,000 after buying an additional 4,405 shares in the last quarter. Finally, Saxon Interests Inc. acquired a new stake in iShares U.S. Energy ETF during the first quarter worth about $236,000. 52.46% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Energy ETF Stock Down 1.0%

Shares of iShares U.S. Energy ETF stock opened at $46.81 on Friday. The firm’s 50-day moving average price is $46.98 and its two-hundred day moving average price is $45.56. iShares U.S. Energy ETF has a 12-month low of $39.35 and a 12-month high of $51.61. The company has a market capitalization of $1.12 billion, a price-to-earnings 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.