Gerald Baker Financial Group LLC Makes New $3.97 Million Investment in iShares U.S. Energy ETF $IYE

Gerald Baker Financial Group LLC bought a new position in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 61,276 shares of the company’s stock, valued at approximately $3,969,000. iShares U.S. Energy ETF accounts for about 1.3% of Gerald Baker Financial Group LLC’s investment portfolio, making the stock its 24th biggest holding.

A number of other large investors have also recently made changes to their positions in IYE. Jane Street Group LLC increased its stake in iShares U.S. Energy ETF by 49.4% in the 1st quarter. Jane Street Group LLC now owns 38,100 shares of the company’s stock worth $1,878,000 after buying an additional 12,606 shares during the period. Cresset Asset Management LLC purchased a new stake in iShares U.S. Energy ETF in the 2nd quarter valued at about $281,000. Qube Research & Technologies Ltd bought a new position in iShares U.S. Energy ETF in the 2nd quarter worth about $204,000. Vivaldi Capital Management LP bought a new position in iShares U.S. Energy ETF in the 2nd quarter worth about $396,000. Finally, Quantinno Capital Management LP increased its position in shares of iShares U.S. Energy ETF by 15.1% during the second quarter. Quantinno Capital Management LP now owns 35,103 shares of the company’s stock worth $1,587,000 after acquiring an additional 4,614 shares during the period. 52.46% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Energy ETF Stock Performance

iShares U.S. Energy ETF stock opened at $60.53 on Friday. The company has a market capitalization of $1.67 billion, a PE ratio of 15.53 and a beta of 0.44. The company has a 50 day moving average price of $59.88 and a 200-day moving average price of $58.28. iShares U.S. Energy ETF has a fifty-two week low of $44.78 and a fifty-two week high of $67.07.

About iShares U.S. Energy ETF

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.