iShares U.S. Energy ETF (NYSEARCA:IYE) Sets New 12-Month High – What’s Next?

iShares U.S. Energy ETF (NYSEARCA:IYEGet Free Report)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $50.51 and last traded at $49.4460, with a volume of 44192 shares. The stock had previously closed at $48.55.

iShares U.S. Energy ETF Stock Performance

The firm has a 50 day moving average price of $47.62 and a two-hundred day moving average price of $46.89. The company has a market cap of $1.15 billion, a P/E ratio of 15.53 and a beta of 0.78.

Hedge Funds Weigh In On iShares U.S. Energy ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Westfuller Advisors LLC bought a new stake in shares of iShares U.S. Energy ETF during the 3rd quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in iShares U.S. Energy ETF in the second quarter worth approximately $45,000. Capital Investment Advisory Services LLC grew its holdings in shares of iShares U.S. Energy ETF by 253.3% in the third quarter. Capital Investment Advisory Services LLC now owns 954 shares of the company’s stock worth $45,000 after acquiring an additional 684 shares during the period. Headlands Technologies LLC bought a new position in shares of iShares U.S. Energy ETF in the 2nd quarter worth approximately $49,000. Finally, Triumph Capital Management purchased a new stake in iShares U.S. Energy ETF during the third quarter valued at approximately $58,000. 52.46% of the stock is owned by institutional investors.

iShares U.S. Energy ETF Company Profile

(Get Free Report)

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.

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