iShares U.S. Energy ETF (NYSEARCA:IYE) Sets New 1-Year High – Still a Buy?

Shares of iShares U.S. Energy ETF (NYSEARCA:IYE) reached a new 52-week high on Thursday . The stock traded as high as $61.06 and last traded at $61.05, with a volume of 892831 shares. The stock had previously closed at $60.21.

iShares U.S. Energy ETF Trading Up 1.6%

The stock has a market cap of $1.49 billion, a P/E ratio of 15.53 and a beta of 0.78. The stock’s 50-day moving average is $54.62 and its 200-day moving average is $49.90.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Financial Partners Group Inc boosted its stake in iShares U.S. Energy ETF by 1.9% during the 4th quarter. Financial Partners Group Inc now owns 10,434 shares of the company’s stock valued at $496,000 after purchasing an additional 193 shares in the last quarter. Arkadios Wealth Advisors raised its stake in shares of iShares U.S. Energy ETF by 1.6% in the 4th quarter. Arkadios Wealth Advisors now owns 13,022 shares of the company’s stock worth $619,000 after buying an additional 205 shares in the last quarter. Retirement Planning Group LLC lifted its holdings in shares of iShares U.S. Energy ETF by 2.0% in the fourth quarter. Retirement Planning Group LLC now owns 10,851 shares of the company’s stock valued at $516,000 after buying an additional 212 shares during the period. Capital Advisory Group Advisory Services LLC boosted its stake in iShares U.S. Energy ETF by 0.9% during the third quarter. Capital Advisory Group Advisory Services LLC now owns 24,870 shares of the company’s stock valued at $1,182,000 after buying an additional 230 shares in the last quarter. Finally, Brookstone Capital Management boosted its stake in iShares U.S. Energy ETF by 4.1% during the third quarter. Brookstone Capital Management now owns 5,923 shares of the company’s stock valued at $281,000 after buying an additional 231 shares in 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.