iShares U.S. Energy ETF (NYSEARCA:IYE – Get Free Report) reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $73.31 and last traded at $72.7250, with a volume of 1,135,259 shares. The stock had previously closed at $72.93.
iShares U.S. Energy ETF Stock Down 1.9%
The business has a 50-day moving average price of $68.11 and a 200-day moving average price of $61.67. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 15.53 and a beta of 0.51.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in IYE. Sigma Planning Corp purchased a new position in shares of iShares U.S. Energy ETF in the 3rd quarter valued at approximately $336,000. Financial Management Professionals Inc. purchased a new stake in iShares U.S. Energy ETF in the third quarter valued at $33,000. Bernardo Wealth Planning LLC grew its holdings in iShares U.S. Energy ETF by 100.0% during the third quarter. Bernardo Wealth Planning LLC now owns 10,358 shares of the company’s stock worth $671,000 after acquiring an additional 5,179 shares during the period. Atlas Private Wealth Advisors acquired a new position in shares of iShares U.S. Energy ETF in the 3rd quarter valued at $202,000. Finally, Signaturefd LLC purchased a new stake in shares of iShares U.S. Energy ETF during the 3rd quarter worth about $71,000. 52.46% of the stock is 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.
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