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

iShares U.S. Energy ETF (NYSEARCA:IYE)’s stock price reached a new 52-week high on Monday . The company traded as high as $56.49 and last traded at $56.26, with a volume of 161778 shares. The stock had previously closed at $56.24.

iShares U.S. Energy ETF Stock Performance

The business’s fifty day moving average price is $49.74 and its two-hundred day moving average price is $47.88. The firm has a market capitalization of $1.38 billion, a P/E ratio of 15.53 and a beta of 0.78.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Westfuller Advisors LLC purchased a new stake in shares of iShares U.S. Energy ETF in the 3rd quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC purchased a new position in iShares U.S. Energy ETF during the second quarter worth about $45,000. Capital Investment Advisory Services LLC raised its stake in shares of iShares U.S. Energy ETF by 253.3% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 954 shares of the company’s stock worth $45,000 after buying an additional 684 shares in the last quarter. Headlands Technologies LLC acquired a new stake in iShares U.S. Energy ETF in the second quarter valued at $49,000. Finally, Triumph Capital Management acquired a new position in iShares U.S. Energy ETF during the third quarter worth about $58,000. 52.46% of the stock is owned by institutional investors and hedge funds.

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.