iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Reaches New 12-Month High – What’s Next?

Shares of 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 $99.64 and last traded at $99.73, with a volume of 108372 shares. The stock had previously closed at $97.96.

iShares U.S. Oil & Gas Exploration & Production ETF Stock Up 1.3 %

The stock’s 50-day moving average is $93.92 and its 200-day moving average is $96.87. The firm has a market cap of $838.09 million, a P/E ratio of 6.89 and a beta of 0.60.

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

Institutional investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. lifted its position in shares of 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 worth $334,000 after acquiring an additional 676 shares during the period. Family Firm Inc. bought a new stake in iShares U.S. Oil & Gas Exploration & Production ETF in the 2nd quarter valued at $78,000. City State Bank acquired a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the 2nd quarter valued at $169,000. Wedbush Securities Inc. lifted its holdings in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 35.8% during the 2nd quarter. Wedbush Securities Inc. now owns 7,481 shares of the company’s stock worth $745,000 after acquiring an additional 1,974 shares during the period. Finally, Whittier Trust Co. lifted its holdings in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 1,319.7% during the 2nd quarter. Whittier Trust Co. now owns 2,882 shares of the company’s stock worth $287,000 after acquiring an additional 2,679 shares during the period.

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).