iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Hits New 12-Month High – Should You Buy?

Shares of iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) hit a new 52-week high during trading on Monday . The company traded as high as $98.93 and last traded at $94.21, with a volume of 56260 shares traded. The stock had previously closed at $97.06.

iShares U.S. Oil & Gas Exploration & Production ETF Trading Down 0.7 %

The stock has a market capitalization of $804.52 million, a P/E ratio of 6.89 and a beta of 0.60. The company has a fifty day simple moving average of $92.78 and a two-hundred day simple moving average of $94.19.

Institutional Investors Weigh In On iShares U.S. Oil & Gas Exploration & Production ETF

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in iShares U.S. Oil & Gas Exploration & Production ETF by 23.5% in the third quarter. JPMorgan Chase & Co. now owns 16,482 shares of the company’s stock valued at $1,507,000 after buying an additional 3,137 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the 4th quarter valued at about $184,000. Sunbelt Securities Inc. increased its stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 22.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 3,648 shares of the company’s stock valued at $334,000 after acquiring an additional 676 shares during the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the 4th quarter valued at approximately $101,000. Finally, Jones Financial Companies Lllp boosted its stake in iShares U.S. Oil & Gas Exploration & Production ETF by 125.7% during the 4th quarter. Jones Financial Companies Lllp now owns 6,664 shares of the company’s stock worth $597,000 after acquiring an additional 3,711 shares during the last quarter.

iShares U.S. Oil & Gas Exploration & Production ETF Company Profile

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).