Shares of iShares U.S. Energy ETF (NYSEARCA:IYE – Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $69.56 and last traded at $69.0720, with a volume of 115746 shares traded. The stock had previously closed at $68.38.
iShares U.S. Energy ETF Stock Down 0.4%
The stock has a 50-day simple moving average of $63.77 and a 200-day simple moving average of $61.76. The firm has a market capitalization of $1.91 billion, a PE ratio of 15.53 and a beta of 0.46.
Institutional Trading of iShares U.S. Energy ETF
A number of institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its holdings in iShares U.S. Energy ETF by 56.6% during the 1st quarter. Bank of America Corp DE now owns 1,526,984 shares of the company’s stock valued at $98,903,000 after acquiring an additional 551,736 shares during the period. Goldman Sachs Group Inc. boosted its stake in iShares U.S. Energy ETF by 14.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 722,662 shares of the company’s stock worth $34,348,000 after purchasing an additional 90,366 shares during the period. Royal Bank of Canada grew its holdings in iShares U.S. Energy ETF by 8.5% during the 1st quarter. Royal Bank of Canada now owns 387,503 shares of the company’s stock valued at $25,100,000 after buying an additional 30,333 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of iShares U.S. Energy ETF by 0.3% in the third quarter. Ameriprise Financial Inc. now owns 376,191 shares of the company’s stock worth $17,870,000 after buying an additional 943 shares in the last quarter. Finally, Three Seasons Wealth LLC boosted its position in shares of iShares U.S. Energy ETF by 422.2% in the second quarter. Three Seasons Wealth LLC now owns 337,812 shares of the company’s stock valued at $19,117,000 after acquiring an additional 273,118 shares during the period. 52.46% of the stock is currently 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.
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