Pekin Hardy Strauss Inc. Buys Shares of 5,275 iShares U.S. Energy ETF (NYSEARCA:IYE)

Pekin Hardy Strauss Inc. purchased a new position in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,275 shares of the company’s stock, valued at approximately $244,000.

A number of other institutional investors also recently modified their holdings of IYE. Beacon Capital Management LLC boosted its position in iShares U.S. Energy ETF by 1,848.4% in the first quarter. Beacon Capital Management LLC now owns 604 shares of the company’s stock valued at $30,000 after buying an additional 573 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of iShares U.S. Energy ETF by 97.7% during the 2nd quarter. Fifth Third Bancorp now owns 613 shares of the company’s stock valued at $29,000 after acquiring an additional 303 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in iShares U.S. Energy ETF by 198.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock worth $33,000 after acquiring an additional 446 shares during the last quarter. Financial Management Professionals Inc. grew its position in iShares U.S. Energy ETF by 345.4% during the 3rd quarter. Financial Management Professionals Inc. now owns 824 shares of the company’s stock worth $38,000 after acquiring an additional 639 shares during the last quarter. Finally, HHM Wealth Advisors LLC acquired a new position in iShares U.S. Energy ETF in the 2nd quarter worth about $41,000.

iShares U.S. Energy ETF Trading Down 2.0 %

Shares of IYE stock opened at $50.37 on Tuesday. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 8.60 and a beta of 0.54. The business’s 50-day moving average price is $48.03 and its 200-day moving average price is $47.71. iShares U.S. Energy ETF has a 12 month low of $41.46 and a 12 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.