iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Reaches New 52-Week High – Should You Buy?

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEOGet Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $98.93 and last traded at $98.11, with a volume of 56260 shares traded. The stock had previously closed at $97.06.

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

The stock’s 50-day moving average is $94.10 and its 200-day moving average is $94.66. The stock has a market cap of $816.60 million, a price-to-earnings ratio of 6.89 and a beta of 0.60.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in iShares U.S. Oil & Gas Exploration & Production ETF in the 4th quarter valued at about $184,000. Sunbelt Securities Inc. boosted its position in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 22.7% in the third 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 last quarter. Finally, JPMorgan Chase & Co. grew its holdings 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 purchasing an additional 3,137 shares during the period.

About iShares U.S. Oil & Gas Exploration & Production ETF

(Get Free Report)

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).

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