iShares U.S. Energy ETF (NYSEARCA:IYE) Sets New 1-Year High – Here’s What Happened

Shares of iShares U.S. Energy ETF (NYSEARCA:IYE) reached a new 52-week high during trading on Tuesday . The stock traded as high as $71.27 and last traded at $46.3850, with a volume of 929685 shares changing hands. The stock had previously closed at $47.96.

iShares U.S. Energy ETF Stock Performance

The stock has a market cap of $1.10 billion, a PE ratio of 15.53 and a beta of 0.78. The firm’s 50-day moving average is $47.38 and its 200 day moving average is $46.69.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Advisory Group Advisory Services LLC lifted its position in iShares U.S. Energy ETF by 0.9% during the 3rd quarter. Capital Advisory Group Advisory Services LLC now owns 24,870 shares of the company’s stock worth $1,182,000 after acquiring an additional 230 shares during the period. Brookstone Capital Management raised its stake in shares of 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 worth $281,000 after purchasing an additional 231 shares during the last quarter. Waterloo Capital L.P. raised its stake in shares of iShares U.S. Energy ETF by 0.6% during the second quarter. Waterloo Capital L.P. now owns 36,832 shares of the company’s stock worth $1,666,000 after purchasing an additional 232 shares during the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of iShares U.S. Energy ETF by 3.4% during the third quarter. Capital Investment Advisors LLC now owns 7,617 shares of the company’s stock worth $362,000 after purchasing an additional 254 shares during the period. Finally, Biondo Investment Advisors LLC grew its position in iShares U.S. Energy ETF by 0.7% in the 1st quarter. Biondo Investment Advisors LLC now owns 37,828 shares of the company’s stock valued at $1,865,000 after buying an additional 258 shares during the last quarter. Hedge funds and other 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.