iShares U.S. Energy ETF (NYSEARCA:IYE) Sets New 52-Week High – Still a Buy?

iShares U.S. Energy ETF (NYSEARCA:IYE)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $67.07 and last traded at $66.81, with a volume of 249956 shares. The stock had previously closed at $66.20.

iShares U.S. Energy ETF Trading Up 0.3%

The company has a market cap of $1.61 billion, a P/E ratio of 15.53 and a beta of 0.78. The business’s 50 day simple moving average is $57.86 and its 200 day simple moving average is $51.22.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Westfuller Advisors LLC purchased a new stake in iShares U.S. Energy ETF in the 3rd quarter worth $28,000. Greykasell Wealth Strategies Inc. purchased a new position in shares of iShares U.S. Energy ETF in the fourth quarter valued at about $33,000. Capital Investment Advisory Services LLC boosted its stake in shares of iShares U.S. Energy ETF by 253.3% in the third quarter. Capital Investment Advisory Services LLC now owns 954 shares of the company’s stock worth $45,000 after acquiring an additional 684 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in shares of iShares U.S. Energy ETF in the second quarter worth about $45,000. Finally, Headlands Technologies LLC purchased a new stake in shares of iShares U.S. Energy ETF during the second quarter worth about $49,000. 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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.