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

iShares U.S. Energy ETF (NYSEARCA:IYE)’s stock price reached a new 52-week high during 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 Price Performance

The firm has a market cap of $1.87 billion, a P/E ratio of 15.53 and a beta of 0.44. The stock’s 50 day moving average is $60.39 and its two-hundred day moving average is $60.32.

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

Large investors have recently modified their holdings of the stock. Trilogy Capital Inc. grew its stake 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 valued at $248,000 after purchasing an additional 177 shares during the period. Financial Partners Group Inc lifted its position in shares of iShares U.S. Energy ETF by 1.9% during the 4th quarter. Financial Partners Group Inc now owns 10,434 shares of the company’s stock worth $496,000 after buying an additional 193 shares during the period. Arkadios Wealth Advisors boosted its stake in iShares U.S. Energy ETF by 1.6% in the 4th quarter. Arkadios Wealth Advisors now owns 13,022 shares of the company’s stock valued at $619,000 after buying an additional 205 shares in the last quarter. Retirement Planning Group LLC boosted its stake in iShares U.S. Energy ETF by 2.0% in the 4th quarter. Retirement Planning Group LLC now owns 10,851 shares of the company’s stock valued at $516,000 after buying an additional 212 shares in the last quarter. Finally, Waterloo Capital L.P. grew its position in iShares U.S. Energy ETF by 0.7% in the fourth quarter. Waterloo Capital L.P. now owns 37,390 shares of the company’s stock valued at $1,777,000 after acquiring an additional 266 shares during the period. 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.