iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Sets New 12-Month High – Time to Buy?

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO)’s share price reached a new 52-week high on Tuesday . The company traded as high as $98.93 and last traded at $95.03, with a volume of 56260 shares. The stock had previously closed at $97.06.

iShares U.S. Oil & Gas Exploration & Production ETF Trading Down 2.2 %

The firm has a 50-day simple moving average of $93.76 and a 200-day simple moving average of $94.57. The firm has a market cap of $792.36 million, a P/E ratio of 6.89 and a beta of 0.60.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. lifted its holdings in shares of 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 valued at $334,000 after purchasing an additional 676 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in iShares U.S. Oil & Gas Exploration & Production ETF during the 4th quarter valued at about $184,000. Finally, JPMorgan Chase & Co. raised its stake in iShares U.S. Oil & Gas Exploration & Production ETF by 23.5% in the third 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 during the last quarter.

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).