iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Reaches New 1-Year High – Still a Buy?

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) shares reached a new 52-week high on Wednesday . The company traded as high as $98.93 and last traded at $98.11, with a volume of 56260 shares trading hands. The stock had previously closed at $97.06.

iShares U.S. Oil & Gas Exploration & Production ETF Stock Up 1.1 %

The firm has a market capitalization of $819.18 million, a price-to-earnings ratio of 6.89 and a beta of 0.60. The company has a 50-day moving average price of $94.12 and a 200-day moving average price of $94.65.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF during the fourth quarter valued at about $184,000. Sunbelt Securities Inc. grew its position in 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 buying an additional 676 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in iShares U.S. Oil & Gas Exploration & Production ETF by 23.5% during the 3rd 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.

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).