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

iShares U.S. Energy ETF (NYSEARCA:IYE)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $53.08 and last traded at $52.8750, with a volume of 386016 shares changing hands. The stock had previously closed at $52.57.

iShares U.S. Energy ETF Stock Up 1.0%

The company has a market cap of $1.30 billion, a PE ratio of 15.53 and a beta of 0.78. The firm’s 50-day moving average is $48.87 and its 200-day moving average is $47.48.

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

Several large investors have recently modified their holdings of the stock. UBS Group AG raised its holdings in iShares U.S. Energy ETF by 3.0% in the 4th quarter. UBS Group AG now owns 603,424 shares of the company’s stock worth $28,681,000 after acquiring an additional 17,453 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in iShares U.S. Energy ETF by 0.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 376,191 shares of the company’s stock valued at $17,870,000 after acquiring an additional 943 shares during the period. MML Investors Services LLC boosted its holdings in shares of iShares U.S. Energy ETF by 6.0% during the 2nd quarter. MML Investors Services LLC now owns 260,536 shares of the company’s stock valued at $11,781,000 after acquiring an additional 14,798 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings 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 valued at $10,947,000 after acquiring an additional 39,042 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of iShares U.S. Energy ETF by 936.5% in 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 last quarter. Hedge funds and other 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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.