iShares U.S. Energy ETF (NYSEARCA:IYE) Sets New 52-Week High – Still a Buy?

iShares U.S. Energy ETF (NYSEARCA:IYE) reached a new 52-week high during trading on Monday . The company traded as high as $67.07 and last traded at $66.81, with a volume of 249956 shares. The stock had previously closed at $66.20.

iShares U.S. Energy ETF Trading Up 0.3%

The firm has a market capitalization of $1.61 billion, a P/E ratio of 15.53 and a beta of 0.78. The company has a 50 day simple moving average of $57.86 and a two-hundred day simple moving average of $51.22.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Westfuller Advisors LLC purchased a new position in iShares U.S. Energy ETF during the third quarter valued at $28,000. Greykasell Wealth Strategies Inc. purchased a new position in shares of iShares U.S. Energy ETF in the 4th quarter worth $33,000. Twin Peaks Wealth Advisors LLC purchased a new position in iShares U.S. Energy ETF in the second quarter worth about $45,000. Capital Investment Advisory Services LLC increased its position in shares of iShares U.S. Energy ETF by 253.3% during the 3rd 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 during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of iShares U.S. Energy ETF in the second quarter valued at $49,000. 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.