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 on Wednesday . The company traded as high as $53.08 and last traded at $52.8750, with a volume of 386016 shares traded. The stock had previously closed at $52.57.

iShares U.S. Energy ETF Stock Performance

The business’s fifty day moving average is $48.64 and its two-hundred day moving average is $47.40. The company has a market cap of $1.27 billion, a P/E ratio of 15.53 and a beta of 0.78.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Westfuller Advisors LLC bought a new position in shares of iShares U.S. Energy ETF during the 3rd quarter worth $28,000. Twin Peaks Wealth Advisors LLC bought a new position in iShares U.S. Energy ETF during the 2nd quarter worth about $45,000. Capital Investment Advisory Services LLC increased its position in iShares U.S. Energy ETF by 253.3% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 954 shares of the company’s stock valued at $45,000 after purchasing an additional 684 shares during the period. Headlands Technologies LLC bought a new stake in shares of iShares U.S. Energy ETF in the 2nd quarter valued at about $49,000. Finally, Triumph Capital Management purchased a new stake in shares of iShares U.S. Energy ETF in the 3rd quarter worth approximately $58,000. 52.46% of the stock is currently 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.