iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Hits New 12-Month High – Still a Buy?

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) shares reached a new 52-week high on Monday . The company traded as high as $99.64 and last traded at $99.73, with a volume of 108372 shares traded. The stock had previously closed at $97.96.

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

The company has a market cap of $832.75 million, a price-to-earnings ratio of 6.89 and a beta of 0.60. The stock’s fifty day moving average is $93.53 and its two-hundred day moving average is $96.92.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. raised its position in iShares U.S. Oil & Gas Exploration & Production ETF by 38.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 38,106 shares of the company’s stock valued at $3,792,000 after buying an additional 10,649 shares during the last quarter. Whittier Trust Co. grew its stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 1,319.7% in 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 in the last quarter. Wedbush Securities Inc. raised its holdings in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 35.8% in the second quarter. Wedbush Securities Inc. now owns 7,481 shares of the company’s stock valued at $745,000 after purchasing an additional 1,974 shares during the last quarter. City State Bank bought a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF during the second quarter valued at about $169,000. Finally, Family Firm Inc. purchased a new position in iShares U.S. Oil & Gas Exploration & Production ETF during the second quarter worth about $78,000.

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).