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

iShares U.S. Energy ETF (NYSEARCA:IYE) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $56.49 and last traded at $56.26, with a volume of 161778 shares. The stock had previously closed at $56.24.

iShares U.S. Energy ETF Price Performance

The stock’s fifty day moving average price is $50.07 and its 200-day moving average price is $48.03. The firm has a market cap of $1.38 billion, a PE ratio of 15.53 and a beta of 0.78.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its position in shares of iShares U.S. Energy ETF by 14.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 722,662 shares of the company’s stock valued at $34,348,000 after purchasing an additional 90,366 shares in the last quarter. UBS Group AG boosted its stake in iShares U.S. Energy ETF by 3.0% during the fourth quarter. UBS Group AG now owns 603,424 shares of the company’s stock worth $28,681,000 after buying an additional 17,453 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in iShares U.S. Energy ETF by 0.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 376,191 shares of the company’s stock valued at $17,870,000 after buying an additional 943 shares in the last quarter. MML Investors Services LLC increased its stake in shares of iShares U.S. Energy ETF by 6.0% in the 2nd quarter. MML Investors Services LLC now owns 260,536 shares of the company’s stock worth $11,781,000 after acquiring an additional 14,798 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of iShares U.S. Energy ETF by 19.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 242,090 shares of the company’s stock worth $10,947,000 after acquiring an additional 39,042 shares during the last quarter. 52.46% of the stock is owned by hedge funds and other 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.