Well Done LLC Makes New $1.66 Million Investment in iShares U.S. Energy ETF (NYSEARCA:IYE)

Well Done LLC bought a new position in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) during the third quarter, HoldingsChannel.com reports. The firm bought 35,740 shares of the company’s stock, valued at approximately $1,656,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IYE. PNC Financial Services Group Inc. boosted its holdings in iShares U.S. Energy ETF by 9.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,453 shares of the company’s stock worth $329,000 after buying an additional 650 shares during the last quarter. ONE Advisory Partners LLC bought a new position in iShares U.S. Energy ETF during the first quarter worth about $273,000. Security Financial Services INC. acquired a new stake in shares of iShares U.S. Energy ETF during the first quarter worth about $230,000. Wealth Management Partners LLC raised its position in shares of iShares U.S. Energy ETF by 1.9% during the first quarter. Wealth Management Partners LLC now owns 16,217 shares of the company’s stock worth $801,000 after purchasing an additional 309 shares during the period. Finally, Sunbelt Securities Inc. raised its position in shares of iShares U.S. Energy ETF by 7.1% during the first quarter. Sunbelt Securities Inc. now owns 33,424 shares of the company’s stock worth $1,651,000 after purchasing an additional 2,203 shares during the period.

iShares U.S. Energy ETF Trading Down 0.5 %

Shares of NYSEARCA IYE traded down $0.23 during mid-day trading on Friday, reaching $47.40. 47,872 shares of the company’s stock were exchanged, compared to its average volume of 418,269. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 8.60 and a beta of 0.54. The business has a fifty day simple moving average of $47.04 and a 200 day simple moving average of $47.97. iShares U.S. Energy ETF has a twelve month low of $41.46 and a twelve month high of $51.70.

iShares U.S. Energy ETF 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.