Alpha DNA Investment Management LLC purchased a new stake in iShares U.S. Energy ETF (NYSEARCA:IYE) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,877 shares of the company’s stock, valued at approximately $49,000.
Other hedge funds also recently modified their holdings of the company. Marshall Wace LLP bought a new position in shares of iShares U.S. Energy ETF during the first quarter worth approximately $98,000. FMR LLC increased its position in iShares U.S. Energy ETF by 32.1% during the 1st quarter. FMR LLC now owns 3,620 shares of the company’s stock worth $130,000 after buying an additional 880 shares during the period. Ironwood Wealth Management LLC. boosted its position in shares of iShares U.S. Energy ETF by 31.2% in the fourth quarter. Ironwood Wealth Management LLC. now owns 257,839 shares of the company’s stock valued at $5,219,000 after acquiring an additional 61,301 shares during the period. Karn Couzens & Associates Inc. bought a new stake in iShares U.S. Energy ETF in the 4th quarter valued at about $502,000. Finally, McIlrath & Eck LLC acquired a new stake in shares of iShares U.S. Energy ETF in the fourth quarter valued at approximately $30,000.
Shares of NYSEARCA IYE opened at $29.60 on Friday. The firm has a fifty day moving average of $27.46. iShares U.S. Energy ETF has a fifty-two week low of $14.52 and a fifty-two week high of $30.19.
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.
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