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

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $138.38 and last traded at $137.91, with a volume of 20495 shares changing hands. The stock had previously closed at $134.81.

iShares U.S. Oil & Gas Exploration & Production ETF Trading Up 1.0%

The company has a market cap of $742.40 million, a P/E ratio of 14.30 and a beta of 0.85. The firm’s 50 day moving average price is $121.80 and its 200-day moving average price is $117.74.

Hedge Funds Weigh In On iShares U.S. Oil & Gas Exploration & Production ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IEO. Highland Investment Advisors LLC bought a new position in iShares U.S. Oil & Gas Exploration & Production ETF during the 2nd quarter worth approximately $34,000. RMG Wealth Management LLC bought a new position in iShares U.S. Oil & Gas Exploration & Production ETF during the 1st quarter worth about $35,000. Compass Financial Management LLC acquired a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the 2nd quarter valued at about $75,000. Sunbelt Securities Inc. raised its stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 32.3% in the 4th quarter. Sunbelt Securities Inc. now owns 2,451 shares of the company’s stock valued at $219,000 after purchasing an additional 599 shares during the period. Finally, Oarsman Capital Inc. bought a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the second quarter valued at about $348,000.

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). The Index measures the performance of the oil exploration and production sub-sector of the United States equity market, and includes companies that are engaged in the exploration for and extraction, production, refining, and supply of oil and gas products.