iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Reaches New 52-Week High – Here’s Why

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) shares reached 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. The stock had previously closed at $97.06.

iShares U.S. Oil & Gas Exploration & Production ETF Stock Performance

The firm has a fifty day simple moving average of $92.73 and a 200 day simple moving average of $94.06. The company has a market capitalization of $793.58 million, a PE ratio of 6.89 and a beta of 0.60.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. increased its holdings in iShares U.S. Oil & Gas Exploration & Production ETF by 22.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 3,648 shares of the company’s stock worth $334,000 after purchasing an additional 676 shares during the period. Runnymede Capital Advisors Inc. purchased a new position in iShares U.S. Oil & Gas Exploration & Production ETF during the 4th quarter worth $101,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the 4th quarter valued at $184,000. JPMorgan Chase & Co. increased 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 valued at $1,507,000 after acquiring an additional 3,137 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in shares of 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 valued at $597,000 after acquiring an additional 3,711 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).