iShares U.S. Energy ETF (NYSEARCA:IYE) Sets New 1-Year High – Should You Buy?

iShares U.S. Energy ETF (NYSEARCA:IYE)’s share price hit a new 52-week high on Monday. The stock traded as high as $71.98 and last traded at $72.0060, with a volume of 186,009 shares trading hands. The stock had previously closed at $71.77.

iShares U.S. Energy ETF Price Performance

The firm has a market cap of $1.79 billion, a P/E ratio of 15.53 and a beta of 0.51. The stock’s 50 day moving average is $67.20 and its two-hundred day moving average is $62.94.

Institutional Investors Weigh In On iShares U.S. Energy ETF

Several large investors have recently modified their holdings of IYE. Trilogy Capital Inc. grew its holdings in shares of iShares U.S. Energy ETF by 4.2% in the 2nd quarter. Trilogy Capital Inc. now owns 4,386 shares of the company’s stock worth $248,000 after purchasing an additional 177 shares during the last quarter. Northwest Wealth Advisors LLC lifted its holdings in iShares U.S. Energy ETF by 2.8% during the 1st quarter. Northwest Wealth Advisors LLC now owns 11,996 shares of the company’s stock valued at $777,000 after purchasing an additional 329 shares during the last quarter. Adirondack Capital Advisors LLC lifted its holdings in iShares U.S. Energy ETF by 6.3% during the 2nd quarter. Adirondack Capital Advisors LLC now owns 6,060 shares of the company’s stock valued at $343,000 after purchasing an additional 360 shares during the last quarter. RMG Wealth Management LLC bought a new position in iShares U.S. Energy ETF during the 1st quarter valued at about $25,000. Finally, Symphony Financial Services Inc. boosted its position in iShares U.S. Energy ETF by 6.8% in the first quarter. Symphony Financial Services Inc. now owns 7,929 shares of the company’s stock valued at $514,000 after buying an additional 502 shares in the last quarter. 52.46% of the stock is currently owned by institutional investors.

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.