iShares U.S. Energy ETF (NYSEARCA:IYE) Sets New 12-Month High – Here’s What Happened

Shares of iShares U.S. Energy ETF (NYSEARCA:IYE) reached a new 52-week high on Friday . The company traded as high as $59.22 and last traded at $59.0030, with a volume of 936597 shares trading hands. The stock had previously closed at $58.16.

iShares U.S. Energy ETF Price Performance

The stock has a 50 day moving average price of $52.40 and a two-hundred day moving average price of $48.99. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 15.53 and a beta of 0.78.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Westfuller Advisors LLC acquired a new stake in shares of iShares U.S. Energy ETF during the third quarter worth $28,000. Greykasell Wealth Strategies Inc. acquired a new position in shares of iShares U.S. Energy ETF during the 4th quarter worth about $33,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of iShares U.S. Energy ETF during the 2nd quarter worth about $45,000. Capital Investment Advisory Services LLC increased its stake in shares of iShares U.S. Energy ETF by 253.3% in the 3rd 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 during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of iShares U.S. Energy ETF in the 2nd quarter valued at approximately $49,000. Institutional investors 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.