Biondo Investment Advisors LLC Acquires 750 Shares of iShares U.S. Energy ETF (NYSEARCA:IYE)

Biondo Investment Advisors LLC boosted its holdings in iShares U.S. Energy ETF (NYSEARCA:IYE) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,570 shares of the company’s stock after purchasing an additional 750 shares during the period. Biondo Investment Advisors LLC owned about 0.14% of iShares U.S. Energy ETF worth $1,712,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. acquired a new stake in shares of iShares U.S. Energy ETF in the third quarter valued at about $60,000. BNP Paribas Financial Markets grew its stake in iShares U.S. Energy ETF by 50.6% in the third quarter. BNP Paribas Financial Markets now owns 24,528 shares of the company’s stock valued at $1,137,000 after purchasing an additional 8,245 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in shares of iShares U.S. Energy ETF during the 3rd quarter worth approximately $401,000. Hilltop Holdings Inc. acquired a new stake in shares of iShares U.S. Energy ETF in the 3rd quarter valued at approximately $1,140,000. Finally, HighTower Advisors LLC grew its stake in shares of iShares U.S. Energy ETF by 2.4% in the third quarter. HighTower Advisors LLC now owns 45,043 shares of the company’s stock valued at $2,083,000 after buying an additional 1,077 shares in the last quarter.

iShares U.S. Energy ETF Trading Down 0.5 %

NYSEARCA IYE opened at $48.70 on Friday. The firm has a market capitalization of $1.31 billion, a P/E ratio of 14.66 and a beta of 1.25. The firm’s fifty day moving average price is $47.66 and its two-hundred day moving average price is $47.59. iShares U.S. Energy ETF has a 1 year low of $43.71 and a 1 year high of $51.70.

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.