AK Global Asset Management LLC Takes Position in iShares U.S. Energy ETF $IYE

AK Global Asset Management LLC acquired a new position in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,522 shares of the company’s stock, valued at approximately $1,200,000. iShares U.S. Energy ETF comprises approximately 1.2% of AK Global Asset Management LLC’s holdings, making the stock its 19th biggest position.

Several other large investors have also bought and sold shares of IYE. Greykasell Wealth Strategies Inc. bought a new position in iShares U.S. Energy ETF in the fourth quarter valued at about $33,000. Headlands Technologies LLC acquired a new stake in shares of iShares U.S. Energy ETF in the 2nd quarter valued at approximately $49,000. NBT Bank N A NY boosted its stake in shares of iShares U.S. Energy ETF by 1,647.9% in the 1st quarter. NBT Bank N A NY now owns 839 shares of the company’s stock valued at $54,000 after purchasing an additional 791 shares in the last quarter. Triumph Capital Management bought a new stake in shares of iShares U.S. Energy ETF during the 3rd quarter valued at approximately $58,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of iShares U.S. Energy ETF during the 4th quarter valued at approximately $60,000. 52.46% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Energy ETF Price Performance

Shares of NYSEARCA:IYE opened at $58.21 on Wednesday. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 15.53 and a beta of 0.44. The firm has a 50 day simple moving average of $60.14 and a 200 day simple moving average of $57.66. iShares U.S. Energy ETF has a one year low of $44.78 and a one year high of $67.07.

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.