Mainstream Capital Management LLC Takes Position in iShares U.S. Energy ETF (NYSEARCA:IYE)

Mainstream Capital Management LLC bought a new stake in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,134 shares of the company’s stock, valued at approximately $143,000.

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of iShares U.S. Energy ETF by 5.8% during the third quarter. JPMorgan Chase & Co. now owns 273,453 shares of the company’s stock valued at $12,672,000 after buying an additional 15,059 shares during the last quarter. EP Wealth Advisors LLC grew its stake in shares of iShares U.S. Energy ETF by 29.3% during the third quarter. EP Wealth Advisors LLC now owns 3,365 shares of the company’s stock valued at $156,000 after buying an additional 763 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of iShares U.S. Energy ETF by 0.8% during 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 during the last quarter. Truist Financial Corp grew its stake in shares of iShares U.S. Energy ETF by 4.1% during the fourth quarter. Truist Financial Corp now owns 26,708 shares of the company’s stock valued at $1,217,000 after buying an additional 1,051 shares during the last quarter. Finally, MML Investors Services LLC grew its stake in shares of iShares U.S. Energy ETF by 32.8% during the third quarter. MML Investors Services LLC now owns 53,548 shares of the company’s stock valued at $2,481,000 after buying an additional 13,240 shares during the last quarter.

iShares U.S. Energy ETF Stock Performance

IYE opened at $46.24 on Tuesday. iShares U.S. Energy ETF has a one year low of $43.71 and a one year high of $51.70. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 14.66 and a beta of 1.25. The stock’s 50 day moving average price is $47.41 and its 200-day moving average price 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.