iShares U.S. Energy ETF (NYSEARCA:IYE – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $62.02 and last traded at $61.45, with a volume of 978750 shares. The stock had previously closed at $61.16.
iShares U.S. Energy ETF Stock Up 1.7%
The business’s 50 day simple moving average is $56.16 and its 200 day simple moving average is $50.46. The company has a market capitalization of $1.52 billion, a PE ratio of 15.53 and a beta of 0.78.
Institutional Investors Weigh In On iShares U.S. Energy ETF
Several hedge funds have recently made changes to their positions in the company. Westfuller Advisors LLC purchased a new position in iShares U.S. Energy ETF during the 3rd quarter worth approximately $28,000. Greykasell Wealth Strategies Inc. acquired a new stake in iShares U.S. Energy ETF during the 4th quarter valued at $33,000. Capital Investment Advisory Services LLC lifted its holdings in shares of iShares U.S. Energy ETF by 253.3% in the third quarter. Capital Investment Advisory Services LLC now owns 954 shares of the company’s stock valued at $45,000 after purchasing an additional 684 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of iShares U.S. Energy ETF in the second quarter valued at $45,000. Finally, Headlands Technologies LLC acquired a new stake in shares of iShares U.S. Energy ETF in the second quarter worth $49,000. Hedge funds and other institutional investors own 52.46% of the company’s stock.
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.
Further Reading
Receive News & Ratings for iShares U.S. Energy ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares U.S. Energy ETF and related companies with MarketBeat.com's FREE daily email newsletter.
