iShares U.S. Energy ETF (NYSEARCA:IYE) Shares Sold by Sumitomo Mitsui Financial Group Inc.

Sumitomo Mitsui Financial Group Inc. reduced its position in iShares U.S. Energy ETF (NYSEARCA:IYE) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,112 shares of the company’s stock after selling 7,331 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in iShares U.S. Energy ETF were worth $3,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Key Financial Inc acquired a new stake in iShares U.S. Energy ETF in the fourth quarter valued at approximately $27,000. JFS Wealth Advisors LLC lifted its position in shares of iShares U.S. Energy ETF by 820.8% during the 4th quarter. JFS Wealth Advisors LLC now owns 663 shares of the company’s stock valued at $30,000 after buying an additional 591 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in iShares U.S. Energy ETF by 32.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,188 shares of the company’s stock valued at $54,000 after acquiring an additional 288 shares during the period. Headlands Technologies LLC purchased a new stake in iShares U.S. Energy ETF in the 4th quarter worth $100,000. Finally, Farther Finance Advisors LLC raised its position in iShares U.S. Energy ETF by 41.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,424 shares of the company’s stock worth $110,000 after acquiring an additional 710 shares during the period.

iShares U.S. Energy ETF Stock Down 9.0 %

IYE opened at $41.70 on Monday. The firm’s fifty day simple moving average is $47.47 and its two-hundred day simple moving average is $47.69. iShares U.S. Energy ETF has a 52-week low of $41.58 and a 52-week high of $51.70. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 15.74 and a beta of 0.95.

iShares U.S. Energy ETF 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.