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

iShares U.S. Energy ETF (NYSEARCA:IYE)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $64.75 and last traded at $64.65, with a volume of 496319 shares traded. The stock had previously closed at $63.12.

iShares U.S. Energy ETF Stock Performance

The company has a market cap of $1.56 billion, a P/E ratio of 15.53 and a beta of 0.78. The stock has a 50-day moving average of $57.26 and a two-hundred day moving average of $50.93.

Hedge Funds Weigh In On iShares U.S. Energy ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Financial Partners Group Inc boosted its holdings in iShares U.S. Energy ETF by 1.9% in the fourth quarter. Financial Partners Group Inc now owns 10,434 shares of the company’s stock worth $496,000 after purchasing an additional 193 shares during the last quarter. Arkadios Wealth Advisors grew its position 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 worth $619,000 after purchasing an additional 205 shares during the period. Retirement Planning Group LLC raised its stake in iShares U.S. Energy ETF by 2.0% during 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 during the last quarter. Capital Advisory Group Advisory Services LLC lifted its holdings in shares of iShares U.S. Energy ETF by 0.9% during the 3rd quarter. Capital Advisory Group Advisory Services LLC now owns 24,870 shares of the company’s stock valued at $1,182,000 after buying an additional 230 shares during the period. Finally, Brookstone Capital Management lifted its holdings in shares of iShares U.S. Energy ETF by 4.1% during the 3rd quarter. Brookstone Capital Management now owns 5,923 shares of the company’s stock valued at $281,000 after buying an additional 231 shares during the period. 52.46% of the stock is currently owned by institutional investors.

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.