Pinkerton Wealth LLC Purchases New Shares in iShares U.S. Energy ETF $IYE

Pinkerton Wealth LLC purchased a new stake in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) during the third quarter, Holdings Channel reports. The fund purchased 22,098 shares of the company’s stock, valued at approximately $1,432,000.

Other large investors also recently modified their holdings of the company. NewEdge Advisors LLC increased its stake in iShares U.S. Energy ETF by 82.0% in the first quarter. NewEdge Advisors LLC now owns 72,428 shares of the company’s stock valued at $4,691,000 after purchasing an additional 32,626 shares in the last quarter. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of iShares U.S. Energy ETF during the third quarter worth about $758,000. Gerald Baker Financial Group LLC bought a new stake in iShares U.S. Energy ETF during the 1st quarter worth approximately $3,969,000. Harmony Asset Management LLC purchased a new stake in iShares U.S. Energy ETF in the 1st quarter valued at $1,069,000. Finally, Astoria Portfolio Advisors LLC. bought a new position in shares of iShares U.S. Energy ETF during the first quarter valued at about $641,000. Institutional investors and hedge funds own 52.46% of the company’s stock.

iShares U.S. Energy ETF Stock Performance

Shares of IYE opened at $73.81 on Monday. The stock has a 50 day moving average of $68.44 and a 200 day moving average of $62.02. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 15.53 and a beta of 0.51. iShares U.S. Energy ETF has a 12 month low of $45.95 and a 12 month high of $73.91.

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.