Griffin Asset Management Inc. Buys 1,152 Shares of iShares U.S. Energy ETF (NYSEARCA:IYE)

Griffin Asset Management Inc. raised its stake in iShares U.S. Energy ETF (NYSEARCA:IYE) by 16.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,088 shares of the company’s stock after acquiring an additional 1,152 shares during the period. Griffin Asset Management Inc.’s holdings in iShares U.S. Energy ETF were worth $369,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Ferguson Wellman Capital Management Inc. boosted its holdings in shares of iShares U.S. Energy ETF by 3,857.2% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 292,319 shares of the company’s stock worth $13,546,000 after acquiring an additional 284,932 shares in the last quarter. International Assets Investment Management LLC boosted its stake in iShares U.S. Energy ETF by 4,084.7% in the third quarter. International Assets Investment Management LLC now owns 99,260 shares of the company’s stock worth $4,600,000 after purchasing an additional 96,888 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of iShares U.S. Energy ETF during the second quarter worth $1,946,000. Well Done LLC acquired a new stake in shares of iShares U.S. Energy ETF in the third quarter valued at $1,656,000. Finally, Hilltop Holdings Inc. bought a new position in shares of iShares U.S. Energy ETF in the third quarter valued at about $1,140,000.

iShares U.S. Energy ETF Stock Down 1.0 %

Shares of NYSEARCA IYE opened at $47.38 on Wednesday. iShares U.S. Energy ETF has a 12-month low of $42.99 and a 12-month high of $51.70. The firm’s 50-day simple moving average is $47.82 and its 200 day simple moving average is $47.58. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 8.60 and a beta of 0.54.

iShares U.S. Energy ETF Company 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.