iShares U.S. Energy ETF (NYSEARCA:IYE – Get Free Report) reached a new 52-week high on Monday. The stock traded as high as $71.98 and last traded at $72.0060, with a volume of 186,009 shares. The stock had previously closed at $71.77.
iShares U.S. Energy ETF Price Performance
The company has a market cap of $1.79 billion, a P/E ratio of 15.53 and a beta of 0.51. The business’s 50 day moving average price is $67.20 and its 200-day moving average price is $62.94.
Hedge Funds Weigh In On iShares U.S. Energy ETF
Several institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC grew its holdings in shares of iShares U.S. Energy ETF by 82.0% during the first quarter. NewEdge Advisors LLC now owns 72,428 shares of the company’s stock worth $4,691,000 after purchasing an additional 32,626 shares during the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of iShares U.S. Energy ETF in the third quarter valued at $758,000. Astoria Portfolio Advisors LLC. bought a new position in shares of iShares U.S. Energy ETF in the first quarter valued at about $641,000. Harmony Asset Management LLC bought a new position in shares of iShares U.S. Energy ETF in the first quarter valued at about $1,069,000. Finally, Gerald Baker Financial Group LLC bought a new position in shares of iShares U.S. Energy ETF in the first quarter valued at about $3,969,000. Institutional investors own 52.46% of the company’s stock.
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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