Royal Bank of Canada Grows Stake in iShares U.S. Energy ETF $IYE

Royal Bank of Canada raised its stake in iShares U.S. Energy ETF (NYSEARCA:IYE) by 4.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 367,478 shares of the company’s stock after acquiring an additional 17,249 shares during the quarter. Royal Bank of Canada owned approximately 1.41% of iShares U.S. Energy ETF worth $18,116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IYE. Capital A Wealth Management LLC purchased a new position in iShares U.S. Energy ETF in the fourth quarter valued at about $25,000. Wayfinding Financial LLC purchased a new position in iShares U.S. Energy ETF in the first quarter valued at about $26,000. Iron Horse Wealth Management LLC purchased a new position in iShares U.S. Energy ETF in the first quarter valued at about $26,000. CX Institutional purchased a new position in iShares U.S. Energy ETF in the first quarter valued at about $27,000. Finally, Ameriflex Group Inc. purchased a new position in iShares U.S. Energy ETF in the fourth quarter valued at about $35,000. 52.46% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Energy ETF Stock Up 0.5%

IYE opened at $46.65 on Wednesday. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 15.53 and a beta of 1.37. iShares U.S. Energy ETF has a twelve month low of $39.35 and a twelve month high of $51.61. The company’s 50-day moving average price is $46.30 and its two-hundred day moving average price is $45.50.

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.