iShares U.S. Energy ETF (NYSEARCA:IYE) Sets New 12-Month High – Still a Buy?

Shares of iShares U.S. Energy ETF (NYSEARCA:IYE) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $64.75 and last traded at $64.65, with a volume of 496319 shares trading hands. The stock had previously closed at $63.12.

iShares U.S. Energy ETF Trading Up 2.4%

The firm has a market capitalization of $1.57 billion, a PE ratio of 15.53 and a beta of 0.78. The firm has a 50 day simple moving average of $56.70 and a 200 day simple moving average of $50.71.

Institutional Investors Weigh In On iShares U.S. Energy ETF

Several institutional investors have recently modified their holdings of IYE. Asempa Wealth Advisors bought a new position in iShares U.S. Energy ETF during the 4th quarter valued at about $1,041,000. AlphaCore Capital LLC raised its holdings in shares of iShares U.S. Energy ETF by 1,303.5% during the second quarter. AlphaCore Capital LLC now owns 3,635 shares of the company’s stock valued at $164,000 after purchasing an additional 3,376 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of iShares U.S. Energy ETF by 242.3% during the second quarter. Corient Private Wealth LLC now owns 68,249 shares of the company’s stock valued at $3,086,000 after purchasing an additional 48,308 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in iShares U.S. Energy ETF by 126.1% during the second quarter. Thrivent Financial for Lutherans now owns 123,388 shares of the company’s stock valued at $5,580,000 after purchasing an additional 68,819 shares during the period. Finally, Strategic Blueprint LLC bought a new position in iShares U.S. Energy ETF during the third quarter valued at approximately $588,000. 52.46% of the stock is owned by hedge funds and other institutional investors.

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.