ShoreHaven Wealth Partners LLC Boosts Stake in iShares U.S. Energy ETF (NYSEARCA:IYE)

ShoreHaven Wealth Partners LLC raised its holdings in iShares U.S. Energy ETF (NYSEARCA:IYE) by 129.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,509 shares of the company’s stock after acquiring an additional 6,486 shares during the quarter. ShoreHaven Wealth Partners LLC’s holdings in iShares U.S. Energy ETF were worth $508,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its stake in shares of iShares U.S. Energy ETF by 84,100.0% during the fourth quarter. Sound Income Strategies LLC now owns 842 shares of the company’s stock worth $37,000 after acquiring an additional 841 shares during the period. Planned Solutions Inc. purchased a new position in iShares U.S. Energy ETF in the fourth quarter valued at about $53,000. Trust Co. of Vermont bought a new position in iShares U.S. Energy ETF during the 3rd quarter valued at $56,000. Provence Wealth Management Group acquired a new position in iShares U.S. Energy ETF during the 3rd quarter valued at approximately $70,000. Finally, NBC Securities Inc. acquired a new position in iShares U.S. Energy ETF during the 3rd quarter worth $76,000.

iShares U.S. Energy ETF Stock Performance

Shares of NYSEARCA IYE traded down $0.08 during trading on Wednesday, hitting $48.72. The company had a trading volume of 349,344 shares, compared to its average volume of 573,454. The company has a market cap of $1.34 billion, a P/E ratio of 8.60 and a beta of 0.54. iShares U.S. Energy ETF has a 52 week low of $40.24 and a 52 week high of $51.70. The business’s 50-day moving average is $48.64 and its 200 day moving average is $45.72.

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.