23,562 Shares in iShares U.S. Energy ETF $IYE Purchased by Allen Investment Management LLC

Allen Investment Management LLC bought a new position in iShares U.S. Energy ETF (NYSEARCA:IYE) during the fourth quarter, Holdings Channel reports. The institutional investor bought 23,562 shares of the company’s stock, valued at approximately $1,120,000.

A number of other large investors have also recently bought and sold shares of IYE. Capital Investment Advisory Services LLC raised its holdings in shares of iShares U.S. Energy ETF by 253.3% during the third quarter. Capital Investment Advisory Services LLC now owns 954 shares of the company’s stock valued at $45,000 after buying an additional 684 shares during the last quarter. Headlands Technologies LLC bought a new stake in iShares U.S. Energy ETF during the second quarter worth approximately $49,000. Triumph Capital Management acquired a new position in iShares U.S. Energy ETF in the third quarter worth approximately $58,000. Flagship Harbor Advisors LLC purchased a new position in iShares U.S. Energy ETF during the 4th quarter worth approximately $60,000. Finally, International Assets Investment Management LLC purchased a new position in iShares U.S. Energy ETF during the 4th quarter worth approximately $62,000. Institutional investors own 52.46% of the company’s stock.

iShares U.S. Energy ETF Stock Up 1.7%

Shares of NYSEARCA:IYE opened at $60.86 on Tuesday. The firm has a fifty day moving average of $61.79 and a two-hundred day moving average of $55.70. The firm has a market capitalization of $1.74 billion, a P/E ratio of 15.53 and a beta of 0.46. iShares U.S. Energy ETF has a 12-month low of $43.43 and a 12-month high of $67.07.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.