Wealth Alliance Takes Position in iShares U.S. Energy ETF (NYSEARCA:IYE)

Wealth Alliance purchased a new position in iShares U.S. Energy ETF (NYSEARCA:IYE) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 8,537 shares of the company’s stock, valued at approximately $377,000.

A number of other institutional investors have also made changes to their positions in the stock. BNP Paribas Arbitrage SNC bought a new position in iShares U.S. Energy ETF during the first quarter worth about $29,000. Fortis Capital Advisors LLC acquired a new stake in shares of iShares U.S. Energy ETF in the 4th quarter valued at approximately $37,000. Sound Income Strategies LLC boosted its stake in iShares U.S. Energy ETF by 84,100.0% during the 4th quarter. Sound Income Strategies LLC now owns 842 shares of the company’s stock worth $37,000 after acquiring an additional 841 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in iShares U.S. Energy ETF during the first quarter valued at approximately $46,000. Finally, Trust Co. of Vermont bought a new stake in iShares U.S. Energy ETF in the third quarter valued at approximately $56,000.

iShares U.S. Energy ETF Stock Performance

IYE opened at $49.06 on Friday. The firm’s fifty day moving average is $47.38 and its two-hundred day moving average is $45.48. The firm has a market cap of $1.35 billion, a PE ratio of 8.84 and a beta of 0.54. iShares U.S. Energy ETF has a twelve month low of $40.24 and a twelve month high of $51.70.

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.