iShares U.S. Energy ETF (NYSEARCA:IYE) Reaches New 52-Week High – Here’s What Happened

iShares U.S. Energy ETF (NYSEARCA:IYE)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $50.82 and last traded at $50.8090, with a volume of 196698 shares traded. The stock had previously closed at $49.77.

iShares U.S. Energy ETF Price Performance

The business has a fifty day moving average price of $47.95 and a 200 day moving average price of $47.06. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 15.53 and a beta of 0.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Advisory Group Advisory Services LLC raised its holdings in iShares U.S. Energy ETF by 0.9% during the third quarter. Capital Advisory Group Advisory Services LLC now owns 24,870 shares of the company’s stock worth $1,182,000 after purchasing an additional 230 shares in the last quarter. Brookstone Capital Management boosted its stake in iShares U.S. Energy ETF by 4.1% during the 3rd quarter. Brookstone Capital Management now owns 5,923 shares of the company’s stock valued at $281,000 after purchasing an additional 231 shares in the last quarter. Waterloo Capital L.P. increased its position in shares of iShares U.S. Energy ETF by 0.6% during the 2nd quarter. Waterloo Capital L.P. now owns 36,832 shares of the company’s stock valued at $1,666,000 after purchasing an additional 232 shares during the period. Capital Investment Advisors LLC raised its stake in shares of iShares U.S. Energy ETF by 3.4% in the 3rd quarter. Capital Investment Advisors LLC now owns 7,617 shares of the company’s stock worth $362,000 after buying an additional 254 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of iShares U.S. Energy ETF by 1.9% in the 2nd quarter. Blue Trust Inc. now owns 13,964 shares of the company’s stock worth $631,000 after buying an additional 259 shares in the last quarter. 52.46% of the stock is currently owned by 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.