iShares U.S. Energy ETF (NYSEARCA:IYE) Hits New 52-Week High – Here’s Why

iShares U.S. Energy ETF (NYSEARCA:IYE) shares reached a new 52-week high on Monday. The company traded as high as $73.31 and last traded at $72.7250, with a volume of 1,135,259 shares changing hands. The stock had previously closed at $72.93.

iShares U.S. Energy ETF Stock Performance

The stock has a market cap of $1.83 billion, a PE ratio of 15.53 and a beta of 0.51. The company’s 50-day moving average price is $67.89 and its two-hundred day moving average price is $63.24.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC raised its position in shares of iShares U.S. Energy ETF by 82.0% during the 1st quarter. NewEdge Advisors LLC now owns 72,428 shares of the company’s stock valued at $4,691,000 after purchasing an additional 32,626 shares during the period. Fort Washington Investment Advisors Inc. OH bought a new position in iShares U.S. Energy ETF in the third quarter worth approximately $758,000. Astoria Portfolio Advisors LLC. bought a new position in iShares U.S. Energy ETF during the 1st quarter worth about $641,000. Harmony Asset Management LLC purchased a new stake in shares of iShares U.S. Energy ETF during the first quarter valued at about $1,069,000. Finally, Gerald Baker Financial Group LLC purchased a new position in shares of iShares U.S. Energy ETF in the 1st quarter valued at approximately $3,969,000. 52.46% of the stock is owned by institutional investors.

iShares U.S. Energy ETF Company 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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.