Royal Bank of Canada Purchases 30,333 Shares of iShares U.S. Energy ETF $IYE

Royal Bank of Canada increased its holdings in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) by 8.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 387,503 shares of the company’s stock after acquiring an additional 30,333 shares during the period. Royal Bank of Canada owned about 1.36% of iShares U.S. Energy ETF worth $25,100,000 at the end of the most recent reporting period.

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

iShares U.S. Energy ETF Price Performance

Shares of IYE opened at $62.25 on Wednesday. The company has a market capitalization of $1.73 billion, a P/E ratio of 15.53 and a beta of 0.44. iShares U.S. Energy ETF has a one year low of $44.78 and a one year high of $67.07. The business’s 50 day simple moving average is $59.92 and its 200-day simple moving average is $59.53.

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.