Shares of iShares U.S. Energy ETF (NYSEARCA:IYE – Get Free Report) hit a new 52-week high during mid-day trading on Monday. The company traded as high as $69.91 and last traded at $69.3830, with a volume of 105,289 shares. The stock had previously closed at $68.55.
iShares U.S. Energy ETF Stock Performance
The stock has a fifty day moving average of $66.62 and a 200-day moving average of $62.82. The company has a market cap of $1.79 billion, a PE ratio of 15.53 and a beta of 0.51.
Institutional Trading of iShares U.S. Energy ETF
Several institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC increased its position 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 acquiring an additional 32,626 shares during the period. CrossGen Wealth LLC purchased a new stake in shares of iShares U.S. Energy ETF in the fourth quarter valued at approximately $434,000. Astoria Portfolio Advisors LLC. purchased a new stake in shares of iShares U.S. Energy ETF in the first quarter valued at approximately $641,000. Harmony Asset Management LLC purchased a new stake in shares of iShares U.S. Energy ETF in the first quarter valued at approximately $1,069,000. Finally, Gerald Baker Financial Group LLC bought a new position in iShares U.S. Energy ETF in the first quarter worth approximately $3,969,000. 52.46% of the stock is currently owned by 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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