iShares U.S. Energy ETF (NYSEARCA:IYE) Hits New 1-Year High – Should You Buy?

iShares U.S. Energy ETF (NYSEARCA:IYE)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $51.92 and last traded at $51.6090, with a volume of 342387 shares changing hands. The stock had previously closed at $50.42.

iShares U.S. Energy ETF Trading Up 2.5%

The stock has a market cap of $1.27 billion, a P/E ratio of 15.53 and a beta of 0.78. The business’s fifty day simple moving average is $48.26 and its 200 day simple moving average is $47.22.

Institutional Inflows and Outflows

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