Golden State Wealth Management LLC Buys Shares of 2,615 iShares U.S. Energy ETF (NYSEARCA:IYE)

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

Several other hedge funds also recently made changes to their positions in IYE. Ferguson Wellman Capital Management Inc. raised its holdings in iShares U.S. Energy ETF by 3,857.2% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 292,319 shares of the company’s stock worth $13,546,000 after acquiring an additional 284,932 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares U.S. Energy ETF by 5.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 273,453 shares of the company’s stock worth $12,672,000 after purchasing an additional 15,059 shares in the last quarter. AMG National Trust Bank boosted its holdings in shares of iShares U.S. Energy ETF by 2.8% in the 3rd quarter. AMG National Trust Bank now owns 146,733 shares of the company’s stock valued at $6,800,000 after buying an additional 3,946 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of iShares U.S. Energy ETF by 4,084.7% in the 3rd quarter. International Assets Investment Management LLC now owns 99,260 shares of the company’s stock valued at $4,600,000 after buying an additional 96,888 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of iShares U.S. Energy ETF by 0.8% in the third quarter. Janney Montgomery Scott LLC now owns 60,150 shares of the company’s stock valued at $2,787,000 after buying an additional 486 shares in the last quarter.

iShares U.S. Energy ETF Stock Performance

NYSEARCA IYE opened at $46.94 on Monday. The firm has a market capitalization of $1.29 billion, a P/E ratio of 8.60 and a beta of 0.54. The firm’s fifty day moving average price is $47.22 and its two-hundred day moving average price 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.