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

iShares U.S. Energy ETF (NYSEARCA:IYE) hit a new 52-week high on Monday. The stock traded as high as $71.98 and last traded at $72.0060, with a volume of 186,009 shares trading hands. The stock had previously closed at $71.77.

iShares U.S. Energy ETF Trading Up 0.1%

The company’s fifty day simple moving average is $67.48 and its 200 day simple moving average is $63.05. The stock has a market capitalization of $1.80 billion, a P/E ratio of 15.53 and a beta of 0.51.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in IYE. RMG Wealth Management LLC bought a new stake in iShares U.S. Energy ETF during the 1st quarter valued at approximately $25,000. GKV Capital Management Co. Inc. purchased a new position in shares of iShares U.S. Energy ETF in the 1st quarter worth about $49,000. NBT Bank N A NY raised its holdings in iShares U.S. Energy ETF by 1,647.9% in the first quarter. NBT Bank N A NY now owns 839 shares of the company’s stock worth $54,000 after buying an additional 791 shares during the last quarter. Highland Investment Advisors LLC bought a new stake in shares of iShares U.S. Energy ETF during the second quarter valued at approximately $81,000. Finally, Global Assets Advisory LLC bought a new stake in shares of iShares U.S. Energy ETF during the first quarter valued at approximately $88,000. 52.46% of the stock is owned by hedge funds and other 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.