iShares U.S. Energy ETF (NYSEARCA:IYE) Reaches New 12-Month High – Here’s Why

iShares U.S. Energy ETF (NYSEARCA:IYE)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $58.98 and last traded at $58.4580, with a volume of 349081 shares. The stock had previously closed at $57.90.

iShares U.S. Energy ETF Stock Up 1.1%

The firm has a fifty day moving average price of $51.12 and a 200 day moving average price of $48.48. The company has a market cap of $1.42 billion, a P/E ratio of 15.53 and a beta of 0.78.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Westfuller Advisors LLC bought a new position in shares of iShares U.S. Energy ETF in the 3rd quarter valued at about $28,000. Greykasell Wealth Strategies Inc. acquired a new position in iShares U.S. Energy ETF in the fourth quarter valued at approximately $33,000. Capital Investment Advisory Services LLC lifted its holdings in 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 valued at $45,000 after buying an additional 684 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in iShares U.S. Energy ETF in the second quarter valued at approximately $45,000. Finally, Headlands Technologies LLC acquired a new stake in iShares U.S. Energy ETF during the 2nd quarter worth $49,000. 52.46% of the stock is currently owned by institutional investors and hedge funds.

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.