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 stock traded as high as $68.55 and last traded at $68.04, with a volume of 72405 shares trading hands. The stock had previously closed at $67.59.

iShares U.S. Energy ETF Stock Up 0.6%

The firm has a 50 day moving average of $61.95 and a 200 day moving average of $61.16. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 15.53 and a beta of 0.44.

Institutional Trading of iShares U.S. Energy ETF

Several large investors have recently modified their holdings of the stock. RMG Wealth Management LLC acquired a new stake in iShares U.S. Energy ETF in the first quarter worth $25,000. Greykasell Wealth Strategies Inc. bought a new position in shares of iShares U.S. Energy ETF during the 4th quarter worth about $33,000. GKV Capital Management Co. Inc. acquired a new stake in shares of iShares U.S. Energy ETF in the 1st quarter valued at about $49,000. NBT Bank N A NY increased its position in iShares U.S. Energy ETF by 1,647.9% in the 1st quarter. NBT Bank N A NY now owns 839 shares of the company’s stock valued at $54,000 after buying an additional 791 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in iShares U.S. Energy ETF during the 2nd quarter worth approximately $49,000. Institutional investors and hedge funds 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.