iShares U.S. Energy ETF (NYSEARCA:IYE) Hits New 52-Week High – Here’s What Happened

iShares U.S. Energy ETF (NYSEARCA:IYE) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $51.92 and last traded at $51.6090, with a volume of 342387 shares trading hands. The stock had previously closed at $50.42.

iShares U.S. Energy ETF Price Performance

The stock’s 50 day moving average is $48.26 and its two-hundred day moving average is $47.22. The firm has a market capitalization of $1.27 billion, a P/E ratio of 15.53 and a beta of 0.78.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in IYE. Ameriprise Financial Inc. grew its stake in shares of iShares U.S. Energy ETF by 0.3% during the third quarter. Ameriprise Financial Inc. now owns 376,191 shares of the company’s stock worth $17,870,000 after purchasing an additional 943 shares during the period. MML Investors Services LLC boosted its holdings in iShares U.S. Energy ETF by 6.0% during the second quarter. MML Investors Services LLC now owns 260,536 shares of the company’s stock worth $11,781,000 after buying an additional 14,798 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of iShares U.S. Energy ETF by 19.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 242,090 shares of the company’s stock worth $10,947,000 after buying an additional 39,042 shares during the period. BNP Paribas Financial Markets grew its position in shares of iShares U.S. Energy ETF by 936.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 217,548 shares of the company’s stock worth $9,838,000 after buying an additional 196,559 shares during the period. Finally, Banco Santander S.A. bought a new stake in shares of iShares U.S. Energy ETF in the 2nd quarter valued at about $8,796,000. Institutional investors and hedge funds 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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.