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

by · The Cerbat Gem

iShares U.S. Energy ETF (NYSEARCA:IYE – Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $69.56 and last traded at $69.0720, with a volume of 115746 shares. The stock had previously closed at $68.38.

iShares U.S. Energy ETF Stock Performance

The business has a fifty day moving average of $63.28 and a two-hundred day moving average of $61.61. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 15.53 and a beta of 0.46.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC raised its holdings in iShares U.S. Energy ETF by 49.4% in the 1st quarter. Jane Street Group LLC now owns 38,100 shares of the company’s stock valued at $1,878,000 after acquiring an additional 12,606 shares during the period. Cresset Asset Management LLC bought a new stake in shares of iShares U.S. Energy ETF during the second quarter worth approximately $281,000. Qube Research & Technologies Ltd acquired a new position in shares of iShares U.S. Energy ETF in the second quarter valued at approximately $204,000. Vivaldi Capital Management LP bought a new position in shares of iShares U.S. Energy ETF during the second quarter worth approximately $396,000. Finally, Quantinno Capital Management LP increased its stake in shares of iShares U.S. Energy ETF by 15.1% during the second quarter. Quantinno Capital Management LP now owns 35,103 shares of the company’s stock worth $1,587,000 after purchasing an additional 4,614 shares during the period. 52.46% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Energy ETF Company Profile

(Get Free Report)

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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