Counterweight Ventures LLC Raises Holdings in iShares U.S. Energy ETF $IYE

Counterweight Ventures LLC lifted its position in iShares U.S. Energy ETF (NYSEARCA:IYE) by 257.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,335 shares of the company’s stock after purchasing an additional 33,367 shares during the quarter. iShares U.S. Energy ETF comprises about 1.7% of Counterweight Ventures LLC’s investment portfolio, making the stock its 23rd biggest position. Counterweight Ventures LLC owned about 0.16% of iShares U.S. Energy ETF worth $3,001,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Greykasell Wealth Strategies Inc. bought a new position in shares of iShares U.S. Energy ETF during the 4th quarter valued at approximately $33,000. Headlands Technologies LLC bought a new stake in iShares U.S. Energy ETF in the second quarter worth $49,000. Triumph Capital Management purchased a new stake in iShares U.S. Energy ETF during the third quarter valued at $58,000. Flagship Harbor Advisors LLC purchased a new stake in iShares U.S. Energy ETF during the fourth quarter valued at $60,000. Finally, Arax Advisory Partners purchased a new stake in iShares U.S. Energy ETF during the fourth quarter valued at $60,000. 52.46% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Energy ETF Price Performance

IYE stock opened at $56.75 on Friday. iShares U.S. Energy ETF has a 52 week low of $44.78 and a 52 week high of $67.07. The company has a fifty day simple moving average of $60.26 and a two-hundred day simple moving average of $57.44. The firm has a market capitalization of $1.53 billion, a P/E ratio of 15.53 and a beta of 0.44.

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.