iShares U.S. Energy ETF (NYSEARCA:IYE) Shares Sold by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC cut its holdings in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,228 shares of the company’s stock after selling 1,268 shares during the period. Avidian Wealth Enterprises LLC owned 0.20% of iShares U.S. Energy ETF worth $2,562,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in iShares U.S. Energy ETF in the third quarter valued at about $560,000. One Wealth Advisors LLC raised its position in shares of iShares U.S. Energy ETF by 5.1% in the 3rd quarter. One Wealth Advisors LLC now owns 7,710 shares of the company’s stock valued at $357,000 after purchasing an additional 373 shares during the last quarter. Well Done LLC acquired a new stake in iShares U.S. Energy ETF in the 3rd quarter worth approximately $1,656,000. Ferguson Wellman Capital Management Inc. grew its position in iShares U.S. Energy ETF by 3,488.0% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 265,045 shares of the company’s stock worth $12,282,000 after purchasing an additional 257,658 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in iShares U.S. Energy ETF by 904.9% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 25,173 shares of the company’s stock valued at $1,167,000 after purchasing an additional 22,668 shares in the last quarter.

iShares U.S. Energy ETF Trading Up 0.7 %

NYSEARCA IYE opened at $48.28 on Wednesday. The stock has a market cap of $1.33 billion, a P/E ratio of 8.60 and a beta of 0.54. iShares U.S. Energy ETF has a 12-month low of $43.33 and a 12-month high of $51.70. The company has a fifty day simple moving average of $47.18 and a two-hundred day simple moving average of $47.50.

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.