Wealthstar Advisors LLC Takes Position in iShares U.S. Energy ETF (NYSEARCA:IYE)

Wealthstar Advisors LLC purchased a new position in iShares U.S. Energy ETF (NYSEARCA:IYE) in the 4th quarter, HoldingsChannel reports. The fund purchased 37,488 shares of the company’s stock, valued at approximately $1,708,000. iShares U.S. Energy ETF accounts for about 0.7% of Wealthstar Advisors LLC’s holdings, making the stock its 29th biggest position.

A number of other hedge funds also recently bought and sold shares of the company. Ferguson Wellman Capital Management Inc. lifted its holdings in shares of 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 valued at $13,546,000 after purchasing an additional 284,932 shares in the last quarter. International Assets Investment Management LLC raised its position in 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 worth $4,600,000 after buying an additional 96,888 shares during the last quarter. Well Done LLC bought a new position in iShares U.S. Energy ETF during the 3rd quarter valued at about $1,656,000. Hilltop Holdings Inc. purchased a new stake in shares of iShares U.S. Energy ETF during the 3rd quarter valued at about $1,140,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of iShares U.S. Energy ETF by 904.9% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 25,173 shares of the company’s stock worth $1,167,000 after acquiring an additional 22,668 shares during the period.

iShares U.S. Energy ETF Price Performance

IYE opened at $46.94 on Monday. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 8.60 and a beta of 0.54. The firm has a 50 day moving average price of $47.22 and a 200-day moving average price of $47.51. iShares U.S. Energy ETF has a twelve month low of $43.33 and a twelve month 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.