iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Hits New 1-Year High – Here’s What Happened

Shares of iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) reached a new 52-week high on Monday . The company traded as high as $98.93 and last traded at $87.74, 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 Performance

The stock has a 50-day moving average of $93.48 and a two-hundred day moving average of $93.76. The company has a market cap of $545.85 million, a P/E ratio of 12.16 and a beta of 1.44.

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

A number of hedge funds have recently bought and sold shares of IEO. Sunbelt Securities Inc. raised its holdings in iShares U.S. Oil & Gas Exploration & Production ETF by 127.5% in the fourth quarter. Sunbelt Securities Inc. now owns 8,299 shares of the company’s stock worth $733,000 after buying an additional 4,651 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in iShares U.S. Oil & Gas Exploration & Production ETF by 125.7% in 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. JPMorgan Chase & Co. raised its holdings in 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 last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF during the fourth quarter valued at $184,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF during the 4th quarter valued at about $101,000.

About iShares U.S. Oil & Gas Exploration & Production ETF

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).