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

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) shares hit a new 52-week high on Monday . The company traded as high as $98.93 and last traded at $94.21, with a volume of 56260 shares trading hands. The stock had previously closed at $97.06.

iShares U.S. Oil & Gas Exploration & Production ETF Stock Down 2.4 %

The company has a market capitalization of $790.63 million, a price-to-earnings ratio of 6.89 and a beta of 0.60. The company has a 50 day simple moving average of $92.88 and a 200 day simple moving average of $94.23.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its position in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 125.7% during the 4th quarter. Jones Financial Companies Lllp now owns 6,664 shares of the company’s stock valued at $597,000 after buying an additional 3,711 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in iShares U.S. Oil & Gas Exploration & Production ETF in the 4th quarter valued at about $184,000. JPMorgan Chase & Co. grew its holdings in iShares U.S. Oil & Gas Exploration & Production ETF by 23.5% during the third quarter. JPMorgan Chase & Co. now owns 16,482 shares of the company’s stock worth $1,507,000 after acquiring an additional 3,137 shares during the period. Finally, Sunbelt Securities Inc. raised its holdings 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 purchasing an additional 676 shares in the last quarter.

iShares U.S. Oil & Gas Exploration & Production ETF Company Profile

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).