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

iShares U.S. Energy ETF (NYSEARCA:IYE)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $68.55 and last traded at $68.04, with a volume of 72405 shares. The stock had previously closed at $67.59.

iShares U.S. Energy ETF Trading Up 0.4%

The company has a 50-day moving average price of $62.40 and a two-hundred day moving average price of $61.31. The stock has a market cap of $1.92 billion, a P/E ratio of 15.53 and a beta of 0.44.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Ameritas Advisory Services LLC raised its stake in shares of iShares U.S. Energy ETF by 61.7% in the second quarter. Ameritas Advisory Services LLC now owns 11,181 shares of the company’s stock valued at $633,000 after acquiring an additional 4,265 shares during the period. Highland Investment Advisors LLC bought a new position in iShares U.S. Energy ETF during the 2nd quarter valued at about $81,000. Three Seasons Wealth LLC grew its holdings in iShares U.S. Energy ETF by 422.2% during the 2nd quarter. Three Seasons Wealth LLC now owns 337,812 shares of the company’s stock valued at $19,117,000 after purchasing an additional 273,118 shares during the last quarter. Adirondack Capital Advisors LLC raised its position in iShares U.S. Energy ETF by 6.3% in the 2nd quarter. Adirondack Capital Advisors LLC now owns 6,060 shares of the company’s stock worth $343,000 after purchasing an additional 360 shares during the period. Finally, Avior Wealth Management LLC purchased a new stake in iShares U.S. Energy ETF in the 2nd quarter worth about $983,000. 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.