iShares U.S. Energy ETF (NYSEARCA:IYE) Shares Sold by Synovus Financial Corp

Synovus Financial Corp reduced its stake in iShares U.S. Energy ETF (NYSEARCA:IYE) by 0.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 42,949 shares of the company’s stock after selling 297 shares during the period. Synovus Financial Corp’s holdings in iShares U.S. Energy ETF were worth $1,990,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in IYE. Fifth Third Bancorp grew its stake in shares of iShares U.S. Energy ETF by 97.7% in the second quarter. Fifth Third Bancorp now owns 613 shares of the company’s stock worth $29,000 after acquiring an additional 303 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in iShares U.S. Energy ETF by 198.2% in the second quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock valued at $33,000 after acquiring an additional 446 shares during the last quarter. Financial Management Professionals Inc. boosted its position in shares of iShares U.S. Energy ETF by 345.4% in the 3rd quarter. Financial Management Professionals Inc. now owns 824 shares of the company’s stock valued at $38,000 after purchasing an additional 639 shares during the period. HHM Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Energy ETF in the second quarter valued at approximately $41,000. Finally, Larson Financial Group LLC boosted its stake in iShares U.S. Energy ETF by 6,120.0% during the 2nd quarter. Larson Financial Group LLC now owns 933 shares of the company’s stock worth $45,000 after purchasing an additional 918 shares during the period.

iShares U.S. Energy ETF Stock Down 0.7 %

Shares of IYE stock opened at $47.32 on Monday. The stock has a market capitalization of $1.30 billion, a PE ratio of 8.60 and a beta of 0.54. The stock’s 50-day moving average price is $48.61 and its 200 day moving average price is $47.73. iShares U.S. Energy ETF has a 52-week low of $41.46 and a 52-week 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.