Tower Research Capital LLC TRC Sells 29,175 Shares of iShares U.S. Energy ETF (NYSEARCA:IYE)

Tower Research Capital LLC TRC reduced its holdings in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) by 95.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,270 shares of the company’s stock after selling 29,175 shares during the quarter. Tower Research Capital LLC TRC’s holdings in iShares U.S. Energy ETF were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN boosted its position in shares of iShares U.S. Energy ETF by 3.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,050,136 shares of the company’s stock worth $47,855,000 after acquiring an additional 31,900 shares in the last quarter. LPL Financial LLC grew its position in iShares U.S. Energy ETF by 53.3% in the fourth quarter. LPL Financial LLC now owns 642,481 shares of the company’s stock valued at $29,278,000 after acquiring an additional 223,516 shares during the last quarter. JPMorgan Chase & Co. raised its stake in iShares U.S. Energy ETF by 66.3% during the fourth quarter. JPMorgan Chase & Co. now owns 454,722 shares of the company’s stock worth $20,722,000 after acquiring an additional 181,269 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of iShares U.S. Energy ETF by 348.2% in the fourth quarter. MML Investors Services LLC now owns 240,013 shares of the company’s stock worth $10,937,000 after acquiring an additional 186,465 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of iShares U.S. Energy ETF in the 4th quarter valued at approximately $10,204,000.

iShares U.S. Energy ETF Stock Performance

NYSEARCA IYE opened at $43.81 on Monday. iShares U.S. Energy ETF has a fifty-two week low of $39.35 and a fifty-two week high of $51.61. The stock has a market cap of $1.16 billion, a PE ratio of 13.67 and a beta of 0.95. The firm’s fifty day moving average price is $44.85 and its two-hundred day moving average price is $46.78.

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.