Allen Investment Management LLC Makes New $1.12 Million Investment in iShares U.S. Energy ETF $IYE

Allen Investment Management LLC bought a new position in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 23,562 shares of the company’s stock, valued at approximately $1,120,000. Allen Investment Management LLC owned 0.10% of iShares U.S. Energy ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of IYE. Capital Investment Advisory Services LLC grew its holdings in shares of iShares U.S. Energy ETF by 253.3% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 954 shares of the company’s stock worth $45,000 after acquiring an additional 684 shares during the period. Headlands Technologies LLC purchased a new position in shares of iShares U.S. Energy ETF during the 2nd quarter worth $49,000. Triumph Capital Management purchased a new position in shares of iShares U.S. Energy ETF in the 3rd quarter worth $58,000. Flagship Harbor Advisors LLC purchased a new position in shares of iShares U.S. Energy ETF in the 4th quarter worth $60,000. Finally, International Assets Investment Management LLC purchased a new position in shares of iShares U.S. Energy ETF in the 4th quarter worth $62,000. Institutional investors and hedge funds own 52.46% of the company’s stock.

iShares U.S. Energy ETF Trading Up 1.7%

Shares of NYSEARCA IYE opened at $60.86 on Tuesday. iShares U.S. Energy ETF has a 12-month low of $43.43 and a 12-month high of $67.07. The company has a market cap of $1.74 billion, a P/E ratio of 15.53 and a beta of 0.46. The stock has a fifty day moving average price of $61.79 and a 200 day moving average price of $55.70.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.