Rockland Trust Co. Has $1.16 Million Stock Position in iShares U.S. Energy ETF (NYSEARCA:IYE)

Rockland Trust Co. lessened its holdings in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) by 8.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,007 shares of the company’s stock after selling 2,303 shares during the quarter. Rockland Trust Co. owned 0.09% of iShares U.S. Energy ETF worth $1,159,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Waterloo Capital L.P. acquired a new position in shares of iShares U.S. Energy ETF in the 4th quarter valued at approximately $3,113,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of iShares U.S. Energy ETF during the fourth quarter worth $58,000. PNC Financial Services Group Inc. increased its position in shares of iShares U.S. Energy ETF by 9.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,453 shares of the company’s stock worth $329,000 after acquiring an additional 650 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of iShares U.S. Energy ETF by 67.2% during the first quarter. Blue Trust Inc. now owns 23,788 shares of the company’s stock worth $1,175,000 after acquiring an additional 9,557 shares during the period. Finally, Security Financial Services INC. bought a new stake in iShares U.S. Energy ETF in the 1st quarter valued at $230,000.

iShares U.S. Energy ETF Price Performance

IYE stock traded up $0.47 during trading hours on Friday, reaching $49.04. 321,646 shares of the stock were exchanged, compared to its average volume of 429,451. The firm’s 50-day moving average is $46.85 and its 200-day moving average is $48.01. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 8.60 and a beta of 0.54. iShares U.S. Energy ETF has a 12 month low of $41.46 and a 12 month 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.