iShares U.S. Energy ETF (NYSEARCA:IYE) Reaches New 1-Year High – Time to Buy?

iShares U.S. Energy ETF (NYSEARCA:IYE)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $54.74 and last traded at $54.6390, with a volume of 3489560 shares traded. The stock had previously closed at $52.98.

iShares U.S. Energy ETF Price Performance

The business’s 50 day simple moving average is $49.11 and its 200 day simple moving average is $47.60. The stock has a market cap of $1.31 billion, a P/E ratio of 15.53 and a beta of 0.78.

Institutional Trading of iShares U.S. Energy ETF

Hedge funds have recently modified their holdings of the company. Westfuller Advisors LLC acquired a new position in iShares U.S. Energy ETF in the third quarter worth $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in iShares U.S. Energy ETF during the 2nd quarter worth about $45,000. Capital Investment Advisory Services LLC grew its holdings 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 worth $45,000 after acquiring an additional 684 shares during the last quarter. Headlands Technologies LLC acquired a new stake in iShares U.S. Energy ETF in the 2nd quarter valued at about $49,000. Finally, Triumph Capital Management bought a new position in shares of iShares U.S. Energy ETF in the third quarter worth about $58,000. Institutional investors and hedge funds own 52.46% of the company’s stock.

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.