iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Hits New 1-Year High – What’s Next?

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $93.65 and last traded at $92.80, with a volume of 77268 shares traded. The stock had previously closed at $93.38.

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

The company has a market capitalization of $768.12 million, a PE ratio of 6.89 and a beta of 0.60. The company’s 50-day moving average is $94.11 and its 200 day moving average is $98.70.

Institutional Trading of iShares U.S. Oil & Gas Exploration & Production ETF

Several institutional investors have recently added to or reduced their stakes in IEO. Cambridge Investment Research Advisors Inc. raised its stake in iShares U.S. Oil & Gas Exploration & Production ETF by 38.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 38,106 shares of the company’s stock valued at $3,792,000 after buying an additional 10,649 shares during the last quarter. Wedbush Securities Inc. boosted its position in iShares U.S. Oil & Gas Exploration & Production ETF by 35.8% in the second quarter. Wedbush Securities Inc. now owns 7,481 shares of the company’s stock worth $745,000 after purchasing an additional 1,974 shares during the last quarter. Whittier Trust Co. boosted its position in iShares U.S. Oil & Gas Exploration & Production ETF by 1,319.7% in the second quarter. Whittier Trust Co. now owns 2,882 shares of the company’s stock worth $287,000 after purchasing an additional 2,679 shares during the last quarter. City State Bank bought a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF during the 2nd quarter valued at about $169,000. Finally, Red Tortoise LLC purchased a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF during the 1st quarter valued at about $119,000.

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).