Ferguson Wellman Capital Management Inc. Buys 257,658 Shares of iShares U.S. Energy ETF (NYSEARCA:IYE)

Ferguson Wellman Capital Management Inc. grew its stake in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) by 3,488.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 265,045 shares of the company’s stock after purchasing an additional 257,658 shares during the period. Ferguson Wellman Capital Management Inc. owned approximately 0.96% of iShares U.S. Energy ETF worth $12,282,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Beacon Capital Management LLC boosted its stake in iShares U.S. Energy ETF by 1,848.4% during the first quarter. Beacon Capital Management LLC now owns 604 shares of the company’s stock worth $30,000 after acquiring an additional 573 shares in the last quarter. Fifth Third Bancorp boosted its stake in iShares U.S. Energy ETF by 97.7% during 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 boosted its stake in iShares U.S. Energy ETF by 198.2% during the second quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock worth $33,000 after acquiring an additional 446 shares in the last quarter. HHM Wealth Advisors LLC bought a new stake in iShares U.S. Energy ETF during the second quarter worth about $41,000. Finally, Larson Financial Group LLC boosted its stake in iShares U.S. Energy ETF by 6,120.0% during the second quarter. Larson Financial Group LLC now owns 933 shares of the company’s stock worth $45,000 after acquiring an additional 918 shares in the last quarter.

iShares U.S. Energy ETF Price Performance

NYSEARCA:IYE traded down $0.20 during mid-day trading on Friday, hitting $47.43. 159,645 shares of the company’s stock were exchanged, compared to its average volume of 418,822. iShares U.S. Energy ETF has a one year low of $41.46 and a one year high of $51.70. The business has a fifty day moving average price of $47.05 and a 200 day moving average price of $47.96. The company has a market cap of $1.30 billion, a PE ratio of 8.60 and a beta of 0.54.

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.