iShares U.S. Energy ETF (NYSEARCA:IYE) Hits New 1-Year High – What’s Next?

iShares U.S. Energy ETF (NYSEARCA:IYEGet Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $67.41 and last traded at $66.98, with a volume of 85399 shares traded. The stock had previously closed at $66.26.

iShares U.S. Energy ETF Stock Down 0.0%

The stock has a market cap of $1.87 billion, a PE ratio of 15.53 and a beta of 0.44. The firm has a 50 day moving average price of $60.63 and a 200 day moving average price of $60.51.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. RMG Wealth Management LLC bought a new position in iShares U.S. Energy ETF in the first quarter worth approximately $25,000. Greykasell Wealth Strategies Inc. acquired a new position in iShares U.S. Energy ETF during the 4th quarter valued at about $33,000. GKV Capital Management Co. Inc. acquired a new position in shares of iShares U.S. Energy ETF during the first quarter valued at about $49,000. Headlands Technologies LLC acquired a new position in iShares U.S. Energy ETF during the 2nd quarter valued at approximately $49,000. Finally, NBT Bank N A NY lifted its position in iShares U.S. Energy ETF by 1,647.9% during the 1st quarter. NBT Bank N A NY now owns 839 shares of the company’s stock worth $54,000 after acquiring an additional 791 shares during the period. 52.46% of the stock is currently owned by institutional investors.

About iShares U.S. Energy ETF

(Get Free Report)

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.

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