iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Sets New 1-Year High – Time to Buy?

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) hit a new 52-week high during trading on Tuesday . The stock traded as high as $98.93 and last traded at $93.95, with a volume of 56260 shares traded. The stock had previously closed at $97.06.

iShares U.S. Oil & Gas Exploration & Production ETF Trading Up 0.6 %

The stock’s 50 day moving average price is $92.83 and its two-hundred day moving average price is $94.10. The firm has a market capitalization of $814.97 million, a price-to-earnings ratio of 6.89 and a beta of 0.60.

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

A number of hedge funds and other institutional investors have recently modified their holdings of IEO. JPMorgan Chase & Co. grew its holdings in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 23.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,482 shares of the company’s stock worth $1,507,000 after acquiring an additional 3,137 shares during the period. Sunbelt Securities Inc. grew its stake in iShares U.S. Oil & Gas Exploration & Production ETF by 127.5% in the 4th quarter. Sunbelt Securities Inc. now owns 8,299 shares of the company’s stock valued at $733,000 after acquiring an additional 4,651 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of 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 purchasing an additional 3,711 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in iShares U.S. Oil & Gas Exploration & Production ETF in the 4th quarter valued at approximately $184,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in iShares U.S. Oil & Gas Exploration & Production ETF during the 4th quarter valued at $101,000.

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).