Market Street Wealth Management Advisors LLC Reduces Stock Position in iShares U.S. Energy ETF (NYSEARCA:IYE)

Market Street Wealth Management Advisors LLC lessened its stake in iShares U.S. Energy ETF (NYSEARCA:IYE) by 17.7% in the fourth quarter, HoldingsChannel reports. The firm owned 6,223 shares of the company’s stock after selling 1,334 shares during the period. Market Street Wealth Management Advisors LLC’s holdings in iShares U.S. Energy ETF were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Ironwood Wealth Management LLC. grew its position in iShares U.S. Energy ETF by 3.0% during the second quarter. Ironwood Wealth Management LLC. now owns 15,588 shares of the company’s stock valued at $748,000 after buying an additional 459 shares during the period. Envestnet Asset Management Inc. grew its holdings in iShares U.S. Energy ETF by 2.2% during the second quarter. Envestnet Asset Management Inc. now owns 174,967 shares of the company’s stock valued at $8,398,000 after purchasing an additional 3,821 shares during the period. Blair William & Co. IL increased its holdings in iShares U.S. Energy ETF by 17.6% in the 2nd quarter. Blair William & Co. IL now owns 8,169 shares of the company’s stock worth $392,000 after acquiring an additional 1,223 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of iShares U.S. Energy ETF by 9.1% in the second quarter. Thrivent Financial for Lutherans now owns 49,176 shares of the company’s stock worth $2,360,000 after purchasing an additional 4,095 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of iShares U.S. Energy ETF by 198.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock valued at $33,000 after purchasing an additional 446 shares during the period.

iShares U.S. Energy ETF Stock Performance

IYE opened at $48.65 on Thursday. iShares U.S. Energy ETF has a fifty-two week low of $42.12 and a fifty-two week high of $51.70. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 8.60 and a beta of 0.54. The firm’s fifty day moving average is $47.92 and its 200 day moving average is $47.55.

iShares U.S. Energy ETF 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.