Renaissance Technologies LLC Makes New $4.77 Million Investment in iShares U.S. Energy ETF $IYE

Renaissance Technologies LLC acquired a new stake in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 73,700 shares of the company’s stock, valued at approximately $4,774,000. Renaissance Technologies LLC owned approximately 0.26% of iShares U.S. Energy ETF as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. RMG Wealth Management LLC purchased a new stake in shares of iShares U.S. Energy ETF during the first quarter worth about $25,000. Greykasell Wealth Strategies Inc. acquired a new position in shares of iShares U.S. Energy ETF during the 4th quarter worth about $33,000. Headlands Technologies LLC purchased a new position in iShares U.S. Energy ETF in the 2nd quarter valued at about $49,000. NBT Bank N A NY lifted its stake in iShares U.S. Energy ETF by 1,647.9% in the 1st quarter. NBT Bank N A NY now owns 839 shares of the company’s stock valued at $54,000 after buying an additional 791 shares in the last quarter. Finally, Triumph Capital Management acquired a new stake in iShares U.S. Energy ETF in the 3rd quarter worth about $58,000. Institutional investors and hedge funds own 52.46% of the company’s stock.

iShares U.S. Energy ETF Trading Up 1.6%

IYE stock opened at $61.91 on Friday. iShares U.S. Energy ETF has a 12-month low of $44.78 and a 12-month high of $67.07. The business’s 50-day moving average is $59.96 and its 200 day moving average is $59.68. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 15.53 and a beta of 0.44.

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.