TRUE Private Wealth Advisors Invests $11.58 Million in iShares U.S. Energy ETF (IYE)

TRUE Private Wealth Advisors purchased a new stake in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 274,481 shares of the company’s stock, valued at approximately $11,582,000. iShares U.S. Energy ETF accounts for approximately 1.6% of TRUE Private Wealth Advisors’ portfolio, making the stock its 15th biggest holding.

Several other institutional investors and hedge funds have also recently made changes to their positions in IYE. CSat Investment Advisory L.P. acquired a new position in shares of iShares U.S. Energy ETF during the second quarter valued at $144,000. Squar Milner Financial Services LLC acquired a new position in shares of iShares U.S. Energy ETF during the second quarter valued at $147,000. M Holdings Securities Inc. acquired a new position in shares of iShares U.S. Energy ETF during the second quarter valued at $212,000. Northwest Investment Counselors LLC acquired a new position in shares of iShares U.S. Energy ETF during the second quarter valued at $213,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares U.S. Energy ETF by 31.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,185 shares of the company’s stock valued at $217,000 after acquiring an additional 1,247 shares during the period.

Shares of IYE traded down $0.20 during midday trading on Thursday, hitting $39.99. 22,430 shares of the stock traded hands, compared to its average volume of 581,411. iShares U.S. Energy ETF has a 1-year low of $35.18 and a 1-year high of $43.75.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 2nd. Stockholders of record on Thursday, September 27th were issued a dividend of $0.2374 per share. This is an increase from iShares U.S. Energy ETF’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, September 26th. This represents a $0.95 annualized dividend and a dividend yield of 2.37%.

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.

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Institutional Ownership by Quarter for iShares U.S. Energy ETF (NYSEARCA:IYE)

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