Golden State Wealth Management LLC Purchases New Stake in iShares U.S. Energy ETF (NYSEARCA:IYE)

Golden State Wealth Management LLC purchased a new stake in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,615 shares of the company’s stock, valued at approximately $119,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. lifted its stake in shares of 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 buying an additional 639 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE bought a new position in iShares U.S. Energy ETF in the 3rd quarter valued at about $49,000. Brown Brothers Harriman & Co. acquired a new stake in iShares U.S. Energy ETF during the third quarter worth approximately $60,000. Icon Wealth Advisors LLC boosted its holdings in shares of iShares U.S. Energy ETF by 15.5% during the third quarter. Icon Wealth Advisors LLC now owns 3,069 shares of the company’s stock worth $142,000 after acquiring an additional 412 shares during the period. Finally, EP Wealth Advisors LLC grew its position in shares of iShares U.S. Energy ETF by 29.3% in the third quarter. EP Wealth Advisors LLC now owns 3,365 shares of the company’s stock valued at $156,000 after purchasing an additional 763 shares during the last quarter.

iShares U.S. Energy ETF Stock Performance

Shares of NYSEARCA IYE opened at $46.94 on Monday. The firm has a market cap of $1.29 billion, a P/E ratio of 8.60 and a beta of 0.54. The business’s 50 day moving average is $47.22 and its 200-day moving average is $47.51. iShares U.S. Energy ETF has a 1-year low of $43.33 and a 1-year 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.