iShares U.S. Energy ETF (NYSEARCA:IYE) Reaches New 12-Month High – What’s Next?

iShares U.S. Energy ETF (NYSEARCA:IYE) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $71.27 and last traded at $46.3850, with a volume of 929685 shares trading hands. The stock had previously closed at $47.96.

iShares U.S. Energy ETF Price Performance

The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 15.53 and a beta of 0.78. The business has a 50 day moving average of $47.34 and a 200 day moving average of $46.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors boosted its holdings in iShares U.S. Energy ETF by 1.8% during the third quarter. Captrust Financial Advisors now owns 34,006 shares of the company’s stock valued at $1,616,000 after purchasing an additional 598 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of iShares U.S. Energy ETF by 4.3% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 10,455 shares of the company’s stock worth $497,000 after buying an additional 434 shares during the period. NewEdge Advisors LLC boosted its stake in iShares U.S. Energy ETF by 2.0% in the 3rd quarter. NewEdge Advisors LLC now owns 40,879 shares of the company’s stock valued at $1,943,000 after buying an additional 807 shares in the last quarter. Triumph Capital Management acquired a new stake in iShares U.S. Energy ETF in the 3rd quarter valued at $58,000. Finally, Politan Capital Management LP grew its position in iShares U.S. Energy ETF by 13.9% in the third quarter. Politan Capital Management LP now owns 19,599 shares of the company’s stock valued at $931,000 after acquiring an additional 2,390 shares during the period. Institutional investors 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.