iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Hits New 52-Week High – What’s Next?

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) hit a new 52-week high during trading on Monday . The stock traded as high as $98.16 and last traded at $98.09, with a volume of 106797 shares. The stock had previously closed at $97.01.

iShares U.S. Oil & Gas Exploration & Production ETF Stock Up 0.7 %

The stock has a market cap of $818.97 million, a price-to-earnings ratio of 6.89 and a beta of 0.60. The company has a 50 day simple moving average of $93.15 and a 200 day simple moving average of $97.07.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Family Firm Inc. acquired a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the second quarter valued at approximately $78,000. City State Bank acquired a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the second quarter valued at approximately $169,000. Whittier Trust Co. increased its position in iShares U.S. Oil & Gas Exploration & Production ETF by 1,319.7% during the 2nd quarter. Whittier Trust Co. now owns 2,882 shares of the company’s stock valued at $287,000 after purchasing an additional 2,679 shares during the period. Wedbush Securities Inc. increased its position in iShares U.S. Oil & Gas Exploration & Production ETF by 35.8% during the 2nd quarter. Wedbush Securities Inc. now owns 7,481 shares of the company’s stock valued at $745,000 after purchasing an additional 1,974 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in iShares U.S. Oil & Gas Exploration & Production ETF by 38.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 38,106 shares of the company’s stock valued at $3,792,000 after purchasing an additional 10,649 shares during the period.

About iShares U.S. Oil & Gas Exploration & Production ETF

iShares U.S. Oil & Gas Exploration & Production ETF, formerly iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Oil Exploration & Production Index (the Index).