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

iShares U.S. Energy ETF (NYSEARCA:IYE)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $64.75 and last traded at $64.65, with a volume of 496319 shares trading hands. The stock had previously closed at $63.12.

iShares U.S. Energy ETF Stock Up 2.4%

The firm has a market capitalization of $1.57 billion, a P/E ratio of 15.53 and a beta of 0.78. The company has a fifty day simple moving average of $56.70 and a 200 day simple moving average of $50.71.

Hedge Funds Weigh In On iShares U.S. Energy ETF

A number of hedge funds have recently bought and sold shares of IYE. Westfuller Advisors LLC bought a new stake in iShares U.S. Energy ETF during the 3rd quarter valued at about $28,000. Greykasell Wealth Strategies Inc. bought a new position in shares of iShares U.S. Energy ETF in the fourth quarter worth approximately $33,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of iShares U.S. Energy ETF during the second quarter valued at approximately $45,000. Capital Investment Advisory Services LLC increased its position in shares of iShares U.S. Energy ETF by 253.3% during the third quarter. Capital Investment Advisory Services LLC now owns 954 shares of the company’s stock valued at $45,000 after acquiring an additional 684 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of iShares U.S. Energy ETF during the second quarter valued at approximately $49,000. 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.