Truist Financial Corp Acquires 28,410 Shares of iShares U.S. Energy ETF (NYSEARCA:IYE)

Truist Financial Corp raised its holdings in iShares U.S. Energy ETF (NYSEARCA:IYE) by 109.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,424 shares of the company’s stock after buying an additional 28,410 shares during the period. Truist Financial Corp’s holdings in iShares U.S. Energy ETF were worth $2,401,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Valmark Advisers Inc. raised its holdings in iShares U.S. Energy ETF by 5.2% in the 3rd quarter. Valmark Advisers Inc. now owns 5,288 shares of the company’s stock valued at $251,000 after acquiring an additional 259 shares during the period. Kestra Private Wealth Services LLC increased its stake in shares of iShares U.S. Energy ETF by 4.6% during the third quarter. Kestra Private Wealth Services LLC now owns 7,587 shares of the company’s stock worth $360,000 after purchasing an additional 332 shares during the period. Stifel Financial Corp lifted its holdings in iShares U.S. Energy ETF by 0.4% during the 3rd quarter. Stifel Financial Corp now owns 89,256 shares of the company’s stock worth $4,233,000 after purchasing an additional 349 shares during the last quarter. TRUE Private Wealth Advisors boosted its stake in iShares U.S. Energy ETF by 6.6% in the 3rd quarter. TRUE Private Wealth Advisors now owns 7,864 shares of the company’s stock valued at $373,000 after purchasing an additional 489 shares during the period. Finally, Moors & Cabot Inc. grew its holdings in iShares U.S. Energy ETF by 8.3% in the 3rd quarter. Moors & Cabot Inc. now owns 10,070 shares of the company’s stock valued at $478,000 after buying an additional 771 shares in the last quarter.

iShares U.S. Energy ETF Stock Performance

IYE opened at $48.72 on Thursday. The stock has a fifty day moving average of $48.64 and a 200-day moving average of $45.72. The company has a market capitalization of $1.34 billion, a P/E ratio of 8.60 and a beta of 0.54. iShares U.S. Energy ETF has a fifty-two week low of $40.24 and a fifty-two week high of $51.70.

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.