True Freedom Investing LLC Acquires 27,991 Shares of iShares U.S. Energy ETF $IYE

True Freedom Investing LLC acquired a new stake in iShares U.S. Energy ETF (NYSEARCA:IYE) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 27,991 shares of the company’s stock, valued at approximately $1,814,000.

A number of other hedge funds also recently modified their holdings of IYE. Bank of America Corp DE boosted its holdings in shares of iShares U.S. Energy ETF by 56.6% during the 1st quarter. Bank of America Corp DE now owns 1,526,984 shares of the company’s stock worth $98,903,000 after buying an additional 551,736 shares during the period. Royal Bank of Canada raised its holdings in iShares U.S. Energy ETF by 8.5% in the 1st quarter. Royal Bank of Canada now owns 387,503 shares of the company’s stock valued at $25,100,000 after acquiring an additional 30,333 shares during the period. Three Seasons Wealth LLC lifted its position in iShares U.S. Energy ETF by 422.2% during the second quarter. Three Seasons Wealth LLC now owns 337,812 shares of the company’s stock worth $19,117,000 after acquiring an additional 273,118 shares during the last quarter. Summit Financial Consulting LLC boosted its holdings in shares of iShares U.S. Energy ETF by 3.1% during the third quarter. Summit Financial Consulting LLC now owns 135,494 shares of the company’s stock worth $8,780,000 after acquiring an additional 4,059 shares during the period. Finally, WealthCare Asset Management LLC bought a new stake in shares of iShares U.S. Energy ETF during the first quarter worth approximately $8,408,000. Institutional investors and hedge funds own 52.46% of the company’s stock.

iShares U.S. Energy ETF Stock Performance

Shares of NYSEARCA IYE opened at $73.81 on Monday. The firm has a market cap of $1.84 billion, a P/E ratio of 15.53 and a beta of 0.51. iShares U.S. Energy ETF has a 1-year low of $45.95 and a 1-year high of $73.91. The business’s 50 day moving average is $68.44 and its 200-day moving average is $62.02.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.