Bright Rock Capital Management LLC Trims Stock Position in iShares U.S. Energy ETF $IYE

Bright Rock Capital Management LLC trimmed its holdings in iShares U.S. Energy ETF (NYSEARCA:IYE) by 66.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 100,000 shares of the company’s stock after selling 200,000 shares during the period. Bright Rock Capital Management LLC owned 0.36% of iShares U.S. Energy ETF worth $5,659,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of iShares U.S. Energy ETF by 56.6% in the first quarter. Bank of America Corp DE now owns 1,526,984 shares of the company’s stock worth $98,903,000 after acquiring an additional 551,736 shares during the last quarter. Goldman Sachs Group Inc. increased its position in iShares U.S. Energy ETF by 14.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 722,662 shares of the company’s stock worth $34,348,000 after purchasing an additional 90,366 shares during the last quarter. UBS Group AG raised its stake in iShares U.S. Energy ETF by 3.0% during the fourth quarter. UBS Group AG now owns 603,424 shares of the company’s stock worth $28,681,000 after purchasing an additional 17,453 shares during the period. Royal Bank of Canada raised its stake in iShares U.S. Energy ETF by 8.5% during the first quarter. Royal Bank of Canada now owns 387,503 shares of the company’s stock worth $25,100,000 after purchasing an additional 30,333 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of iShares U.S. Energy ETF by 0.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 376,191 shares of the company’s stock valued at $17,870,000 after purchasing an additional 943 shares during the last quarter. Hedge funds and other institutional investors own 52.46% of the company’s stock.

iShares U.S. Energy ETF Stock Down 1.1%

Shares of NYSEARCA IYE opened at $61.23 on Friday. iShares U.S. Energy ETF has a 52-week low of $44.78 and a 52-week high of $67.07. The firm has a fifty day moving average of $59.98 and a 200-day moving average of $59.69. The stock has a market capitalization of $1.71 billion, a PE ratio of 15.53 and a beta of 0.44.

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.