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

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $98.93 and last traded at $99.29, with a volume of 56260 shares traded. The stock had previously closed at $97.06.

iShares U.S. Oil & Gas Exploration & Production ETF Stock Up 2.2 %

The firm has a market cap of $828.17 million, a price-to-earnings ratio of 6.89 and a beta of 0.60. The stock’s 50-day moving average price is $93.98 and its 200 day moving average price is $94.71.

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

A number of hedge funds have recently modified their holdings of IEO. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the fourth quarter valued at $184,000. Sunbelt Securities Inc. increased its holdings 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 during the period. Finally, JPMorgan Chase & Co. raised its stake 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 valued at $1,507,000 after buying an additional 3,137 shares in 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).