iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Hits New 52-Week High – Should You Buy?

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $93.65 and last traded at $92.80, with a volume of 77268 shares traded. The stock had previously closed at $93.38.

iShares U.S. Oil & Gas Exploration & Production ETF Stock Down 0.9 %

The company has a 50 day moving average of $94.11 and a 200 day moving average of $98.70. The firm has a market cap of $768.12 million, a price-to-earnings ratio of 6.89 and a beta of 0.60.

Institutional Trading of iShares U.S. Oil & Gas Exploration & Production ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Red Tortoise LLC acquired a new position in iShares U.S. Oil & Gas Exploration & Production ETF during the 1st quarter worth $119,000. Hollencrest Capital Management increased its holdings in iShares U.S. Oil & Gas Exploration & Production ETF by 22.2% in the first quarter. Hollencrest Capital Management now owns 611 shares of the company’s stock valued at $65,000 after buying an additional 111 shares during the last quarter. City State Bank bought a new stake in iShares U.S. Oil & Gas Exploration & Production ETF in the second quarter valued at about $169,000. Family Firm Inc. acquired a new stake in iShares U.S. Oil & Gas Exploration & Production ETF during the second quarter valued at approximately $78,000. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings 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 worth $3,792,000 after buying an additional 10,649 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).