Biondo Investment Advisors LLC Increases Position in iShares U.S. Energy ETF (NYSEARCA:IYE)

Biondo Investment Advisors LLC raised its holdings in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,570 shares of the company’s stock after acquiring an additional 750 shares during the period. Biondo Investment Advisors LLC’s holdings in iShares U.S. Energy ETF were worth $1,712,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. LPL Financial LLC increased its stake in shares of iShares U.S. Energy ETF by 53.3% during the fourth quarter. LPL Financial LLC now owns 642,481 shares of the company’s stock valued at $29,278,000 after purchasing an additional 223,516 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of iShares U.S. Energy ETF by 66.3% during the 4th quarter. JPMorgan Chase & Co. now owns 454,722 shares of the company’s stock valued at $20,722,000 after purchasing an additional 181,269 shares during the last quarter. Raymond James Financial Inc. bought a new position in iShares U.S. Energy ETF in the fourth quarter worth approximately $10,204,000. Commonwealth Equity Services LLC raised its stake in shares of iShares U.S. Energy ETF by 3.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 147,492 shares of the company’s stock worth $6,721,000 after buying an additional 5,542 shares during the period. Finally, KM Capital Management Ltd. lifted its holdings in iShares U.S. Energy ETF by 71.0% during the fourth quarter. KM Capital Management Ltd. now owns 66,210 shares of the company’s stock valued at $3,017,000 after purchasing an additional 27,501 shares in the last quarter.

iShares U.S. Energy ETF Stock Performance

Shares of iShares U.S. Energy ETF stock opened at $48.70 on Friday. The company has a market capitalization of $1.31 billion, a P/E ratio of 14.66 and a beta of 1.25. The company has a fifty day moving average of $47.66 and a 200 day moving average of $47.59. iShares U.S. Energy ETF has a fifty-two week low of $43.71 and a fifty-two week high of $51.70.

iShares U.S. Energy ETF Company Profile

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.