iShares U.S. Energy ETF $IYE Shares Sold by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC reduced its position in iShares U.S. Energy ETF (NYSEARCA:IYE) by 80.0% in the 3rd quarter, Holdings Channel reports. The firm owned 35,674 shares of the company’s stock after selling 142,927 shares during the period. Crestwood Advisors Group LLC’s holdings in iShares U.S. Energy ETF were worth $1,695,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in IYE. Westfuller Advisors LLC acquired a new position in iShares U.S. Energy ETF during the third quarter worth approximately $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in iShares U.S. Energy ETF in the second quarter valued at $45,000. Capital Investment Advisory Services LLC increased its position in iShares U.S. Energy ETF by 253.3% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 954 shares of the company’s stock valued at $45,000 after acquiring an additional 684 shares during the period. Headlands Technologies LLC purchased a new stake in iShares U.S. Energy ETF during the 2nd quarter valued at approximately $49,000. Finally, Geneos Wealth Management Inc. lifted its position in iShares U.S. Energy ETF by 173.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,575 shares of the company’s stock worth $71,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 52.46% of the company’s stock.

iShares U.S. Energy ETF Trading Down 1.1%

NYSEARCA:IYE opened at $56.79 on Wednesday. iShares U.S. Energy ETF has a 12-month low of $39.35 and a 12-month high of $58.30. The stock’s 50 day simple moving average is $50.94 and its 200-day simple moving average is $48.41. The firm has a market cap of $1.38 billion, a P/E ratio of 15.53 and a beta of 0.78.

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