iShares U.S. Energy ETF (NYSEARCA:IYE) Sets New 1-Year High – What’s Next?

iShares U.S. Energy ETF (NYSEARCA:IYE) shares hit a new 52-week high during trading on Monday . The stock traded as high as $56.49 and last traded at $56.26, with a volume of 161778 shares traded. The stock had previously closed at $56.24.

iShares U.S. Energy ETF Stock Up 0.6%

The firm has a 50-day moving average price of $49.74 and a two-hundred day moving average price of $47.88. The company has a market capitalization of $1.38 billion, a P/E ratio of 15.53 and a beta of 0.78.

Institutional Trading of iShares U.S. Energy ETF

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

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.