Avantax Advisory Services Inc. Buys 717 Shares of iShares U.S. Energy ETF (NYSEARCA:IYE)

Avantax Advisory Services Inc. lifted its position in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) by 9.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,444 shares of the company’s stock after acquiring an additional 717 shares during the quarter. Avantax Advisory Services Inc.’s holdings in iShares U.S. Energy ETF were worth $416,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in iShares U.S. Energy ETF by 3.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,050,136 shares of the company’s stock worth $47,855,000 after buying an additional 31,900 shares in the last quarter. JPMorgan Chase & Co. raised its position in iShares U.S. Energy ETF by 66.3% during the 4th quarter. JPMorgan Chase & Co. now owns 454,722 shares of the company’s stock worth $20,722,000 after purchasing an additional 181,269 shares during the last quarter. Ameriprise Financial Inc. raised its position in iShares U.S. Energy ETF by 47.6% during the 4th quarter. Ameriprise Financial Inc. now owns 293,672 shares of the company’s stock worth $13,383,000 after purchasing an additional 94,751 shares during the last quarter. MML Investors Services LLC raised its position in iShares U.S. Energy ETF by 348.2% during the 4th quarter. MML Investors Services LLC now owns 240,013 shares of the company’s stock worth $10,937,000 after purchasing an additional 186,465 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in iShares U.S. Energy ETF by 2.5% during the 4th quarter. Cetera Investment Advisers now owns 171,355 shares of the company’s stock worth $7,809,000 after purchasing an additional 4,124 shares during the last quarter. Institutional investors own 52.46% of the company’s stock.

iShares U.S. Energy ETF Trading Down 0.9%

Shares of iShares U.S. Energy ETF stock opened at $45.13 on Thursday. iShares U.S. Energy ETF has a 1-year low of $39.35 and a 1-year high of $51.61. The company has a market cap of $1.15 billion, a P/E ratio of 15.53 and a beta of 1.37. The business has a 50-day moving average price of $45.73 and a two-hundred day moving average price of $45.77.

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.