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

iShares U.S. Energy ETF (NYSEARCA:IYEGet Free Report)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $68.55 and last traded at $68.04, with a volume of 72405 shares changing hands. The stock had previously closed at $67.59.

iShares U.S. Energy ETF Price Performance

The company has a fifty day moving average price of $61.95 and a 200 day moving average price of $61.16. The stock has a market cap of $1.89 billion, a P/E ratio of 15.53 and a beta of 0.44.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. RMG Wealth Management LLC bought a new position in shares of iShares U.S. Energy ETF in the first quarter valued at $25,000. Greykasell Wealth Strategies Inc. bought a new position in shares of iShares U.S. Energy ETF in the fourth quarter valued at approximately $33,000. GKV Capital Management Co. Inc. purchased a new stake in shares of iShares U.S. Energy ETF during the 1st quarter valued at $49,000. NBT Bank N A NY grew its position in iShares U.S. Energy ETF by 1,647.9% during the first quarter. NBT Bank N A NY now owns 839 shares of the company’s stock valued at $54,000 after buying an additional 791 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of iShares U.S. Energy ETF during the 2nd quarter worth approximately $49,000. Institutional investors and hedge funds own 52.46% of the company’s stock.

About iShares U.S. Energy ETF

(Get Free Report)

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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