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

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $98.93 and last traded at $99.29, with a volume of 56260 shares trading hands. The stock had previously closed at $97.06.

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

The stock has a market capitalization of $827.83 million, a P/E ratio of 6.89 and a beta of 0.60. The stock’s fifty day moving average price is $94.08 and its 200 day moving average price is $94.74.

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

Several large investors have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the fourth quarter valued at approximately $184,000. JPMorgan Chase & Co. increased its holdings in iShares U.S. Oil & Gas Exploration & Production ETF by 23.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,482 shares of the company’s stock worth $1,507,000 after purchasing an additional 3,137 shares during the period. Finally, Sunbelt Securities Inc. raised its position 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 valued at $334,000 after purchasing an additional 676 shares in 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).