iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Hits New 52-Week High – Still a Buy?

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $144.22 and last traded at $144.2560, with a volume of 7141 shares trading hands. The stock had previously closed at $141.79.

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

The company has a market cap of $785.73 million, a PE ratio of 14.30 and a beta of 0.85. The business has a 50 day moving average of $127.81 and a 200 day moving average of $120.19.

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

Several institutional investors and hedge funds have recently modified their holdings of IEO. Compass Financial Management LLC bought a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF during the 2nd quarter valued at about $75,000. Highland Investment Advisors LLC purchased a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF during the second quarter valued at about $34,000. Oarsman Capital Inc. bought a new position in iShares U.S. Oil & Gas Exploration & Production ETF in the second quarter worth about $348,000. RPg Family Wealth Advisory LLC bought a new position in iShares U.S. Oil & Gas Exploration & Production ETF in the second quarter worth about $3,108,000. Finally, Risk Paradigm Group LLC purchased a new stake in iShares U.S. Oil & Gas Exploration & Production ETF in the second quarter worth about $3,105,000.

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). The Index measures the performance of the oil exploration and production sub-sector of the United States equity market, and includes companies that are engaged in the exploration for and extraction, production, refining, and supply of oil and gas products.