iShares U.S. Energy ETF (NYSEARCA:IYE) Sets New 12-Month High – Time to Buy?

iShares U.S. Energy ETF (NYSEARCA:IYE) shares hit a new 52-week high on Wednesday . The company traded as high as $62.02 and last traded at $61.45, with a volume of 978750 shares changing hands. The stock had previously closed at $61.16.

iShares U.S. Energy ETF Stock Performance

The company’s 50-day moving average price is $55.62 and its 200-day moving average price is $50.30. The firm has a market capitalization of $1.49 billion, a PE ratio of 15.53 and a beta of 0.78.

Institutional Trading of iShares U.S. Energy ETF

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC increased its holdings in shares of iShares U.S. Energy ETF by 49.4% in the 1st quarter. Jane Street Group LLC now owns 38,100 shares of the company’s stock valued at $1,878,000 after acquiring an additional 12,606 shares during the last quarter. Bank of Montreal Can lifted its stake in iShares U.S. Energy ETF by 131.5% during the second quarter. Bank of Montreal Can now owns 8,486 shares of the company’s stock worth $384,000 after purchasing an additional 4,820 shares during the last quarter. Creative Planning boosted its holdings in iShares U.S. Energy ETF by 2.3% in the second quarter. Creative Planning now owns 27,981 shares of the company’s stock valued at $1,265,000 after purchasing an additional 627 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in iShares U.S. Energy ETF by 19.2% in the second quarter. JPMorgan Chase & Co. now owns 242,090 shares of the company’s stock valued at $10,947,000 after purchasing an additional 39,042 shares in the last quarter. Finally, Journey Strategic Wealth LLC increased its stake in iShares U.S. Energy ETF by 43.7% in the second quarter. Journey Strategic Wealth LLC now owns 22,817 shares of the company’s stock valued at $1,032,000 after purchasing an additional 6,939 shares during the last quarter. 52.46% of the stock is owned by hedge funds and other institutional investors.

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.