iShares U.S. Energy ETF (NYSEARCA:IYE) Sets New 12-Month High – Still a Buy?

iShares U.S. Energy ETF (NYSEARCA:IYE) hit a new 52-week high on Wednesday . The company traded as high as $69.56 and last traded at $69.0720, with a volume of 115746 shares. The stock had previously closed at $68.38.

iShares U.S. Energy ETF Stock Performance

The stock has a fifty day simple moving average of $63.28 and a 200-day simple moving average of $61.61. The stock has a market cap of $1.92 billion, a P/E ratio of 15.53 and a beta of 0.46.

Institutional Trading of iShares U.S. Energy ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its position in shares of iShares U.S. Energy ETF by 56.6% in 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. Three Seasons Wealth LLC grew its holdings in iShares U.S. Energy ETF by 422.2% during the second quarter. Three Seasons Wealth LLC now owns 337,812 shares of the company’s stock worth $19,117,000 after purchasing an additional 273,118 shares during the period. BNP Paribas Financial Markets grew its holdings in iShares U.S. Energy ETF by 936.5% during the second quarter. BNP Paribas Financial Markets now owns 217,548 shares of the company’s stock worth $9,838,000 after purchasing an additional 196,559 shares during the period. WealthCare Asset Management LLC acquired a new position in iShares U.S. Energy ETF during the first quarter worth approximately $8,408,000. Finally, CoreCap Advisors LLC increased its position in iShares U.S. Energy ETF by 4,086.9% during the second quarter. CoreCap Advisors LLC now owns 104,254 shares of the company’s stock worth $5,900,000 after buying an additional 101,764 shares during the last quarter. Institutional investors and hedge funds 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.