B. Riley Wealth Advisors Inc. Reduces Stock Position in iShares U.S. Energy ETF (NYSEARCA:IYE)

B. Riley Wealth Advisors Inc. cut its holdings in iShares U.S. Energy ETF (NYSEARCA:IYE) by 16.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,312 shares of the company’s stock after selling 2,578 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in iShares U.S. Energy ETF were worth $639,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IYE. Rosenberg Matthew Hamilton raised its position in shares of iShares U.S. Energy ETF by 3.1% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 8,005 shares of the company’s stock valued at $384,000 after purchasing an additional 243 shares during the period. Arkadios Wealth Advisors raised its position in shares of iShares U.S. Energy ETF by 3.6% during the 1st quarter. Arkadios Wealth Advisors now owns 7,151 shares of the company’s stock valued at $353,000 after purchasing an additional 251 shares during the period. Ameritas Advisory Services LLC raised its position in shares of iShares U.S. Energy ETF by 3.6% during the 2nd quarter. Ameritas Advisory Services LLC now owns 7,676 shares of the company’s stock valued at $368,000 after purchasing an additional 266 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares U.S. Energy ETF by 0.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 37,068 shares of the company’s stock valued at $1,779,000 after purchasing an additional 277 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of iShares U.S. Energy ETF by 97.7% during the 2nd quarter. Fifth Third Bancorp now owns 613 shares of the company’s stock valued at $29,000 after purchasing an additional 303 shares during the period.

iShares U.S. Energy ETF Stock Performance

Shares of NYSEARCA IYE opened at $49.04 on Friday. The company has a market cap of $1.35 billion, a P/E ratio of 8.60 and a beta of 0.54. The firm’s fifty day moving average is $46.85 and its two-hundred day moving average is $48.00. iShares U.S. Energy ETF has a 52-week low of $41.46 and a 52-week high of $51.70.

iShares U.S. Energy ETF 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.