iShares U.S. Energy ETF (NYSEARCA:IYE) Sets New 52-Week High – Still a Buy?

iShares U.S. Energy ETF (NYSEARCA:IYE) shares reached a new 52-week high on Tuesday . The stock traded as high as $67.41 and last traded at $66.98, with a volume of 85399 shares traded. The stock had previously closed at $66.26.

iShares U.S. Energy ETF Price Performance

The company has a market cap of $1.87 billion, a price-to-earnings ratio of 15.53 and a beta of 0.44. The firm has a fifty day simple moving average of $60.39 and a 200 day simple moving average of $60.32.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Group AG boosted its holdings in iShares U.S. Energy ETF by 3.0% during the fourth quarter. UBS Group AG now owns 603,424 shares of the company’s stock valued at $28,681,000 after acquiring an additional 17,453 shares during the period. NewEdge Advisors LLC increased its stake in shares of iShares U.S. Energy ETF by 82.0% in the first quarter. NewEdge Advisors LLC now owns 72,428 shares of the company’s stock worth $4,691,000 after purchasing an additional 32,626 shares during the period. Commonwealth Retirement Investments LLC acquired a new position in shares of iShares U.S. Energy ETF during the 4th quarter worth about $1,131,000. Astoria Portfolio Advisors LLC. bought a new stake in iShares U.S. Energy ETF during the 1st quarter valued at approximately $641,000. Finally, Gerald Baker Financial Group LLC bought a new stake in iShares U.S. Energy ETF during the 1st quarter valued at approximately $3,969,000. 52.46% of the stock is currently owned by institutional investors and hedge funds.

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.