iShares U.S. Energy ETF (NYSEARCA:IYE – Get Free Report)’s share price reached a new 52-week high during trading on Friday. The stock traded as high as $75.00 and last traded at $64.9360, with a volume of 610 shares. The stock had previously closed at $65.15.
iShares U.S. Energy ETF Stock Performance
The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 15.53 and a beta of 0.45. The company’s 50 day simple moving average is $68.59 and its 200 day simple moving average is $62.38.
Hedge Funds Weigh In On iShares U.S. Energy ETF
Several institutional investors have recently added to or reduced their stakes in IYE. RMG Wealth Management LLC bought a new position in iShares U.S. Energy ETF in the first quarter worth approximately $25,000. Financial Management Professionals Inc. bought a new stake in shares of iShares U.S. Energy ETF during the 3rd quarter valued at $33,000. GKV Capital Management Co. Inc. purchased a new stake in shares of iShares U.S. Energy ETF in the 1st quarter worth $49,000. Three Bridge Wealth Advisors LLC purchased a new stake in shares of iShares U.S. Energy ETF in the 3rd quarter worth $65,000. Finally, Signaturefd LLC purchased a new stake in shares of iShares U.S. Energy ETF in the 3rd quarter worth $71,000. 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.
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