iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Reaches New 1-Year High – Time to Buy?

Shares of iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) reached a new 52-week high during trading on Monday . The company traded as high as $98.93 and last traded at $92.34, with a volume of 56260 shares. The stock had previously closed at $97.06.

iShares U.S. Oil & Gas Exploration & Production ETF Trading Down 10.6 %

The stock has a market capitalization of $538.04 million, a PE ratio of 12.16 and a beta of 1.44. The business’s 50 day moving average is $93.52 and its 200 day moving average is $93.95.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Runnymede Capital Advisors Inc. bought a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF during the 4th quarter worth approximately $101,000. 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 $184,000. Sunbelt Securities Inc. increased its stake in 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 purchasing an additional 676 shares during the period. Jones Financial Companies Lllp lifted its position in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 125.7% during the fourth quarter. Jones Financial Companies Lllp now owns 6,664 shares of the company’s stock worth $597,000 after purchasing an additional 3,711 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of 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 valued at $1,507,000 after purchasing an additional 3,137 shares during the period.

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).