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

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) shares hit a new 52-week high during trading on Monday . The company traded as high as $99.64 and last traded at $99.73, with a volume of 108372 shares trading hands. The stock had previously closed at $97.96.

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

The company’s 50 day simple moving average is $93.92 and its 200 day simple moving average is $96.87. The stock has a market cap of $838.09 million, a price-to-earnings ratio of 6.89 and a beta of 0.60.

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

Several hedge funds and other institutional investors have recently bought and sold shares of IEO. City State Bank acquired a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the second quarter worth about $169,000. Family Firm Inc. acquired a new stake in iShares U.S. Oil & Gas Exploration & Production ETF in the 2nd quarter worth approximately $78,000. Cambridge Investment Research Advisors Inc. boosted its position in iShares U.S. Oil & Gas Exploration & Production ETF by 38.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 38,106 shares of the company’s stock worth $3,792,000 after purchasing an additional 10,649 shares during the period. Whittier Trust Co. grew its holdings in iShares U.S. Oil & Gas Exploration & Production ETF by 1,319.7% during the second quarter. Whittier Trust Co. now owns 2,882 shares of the company’s stock valued at $287,000 after purchasing an additional 2,679 shares during the last quarter. Finally, Wedbush Securities Inc. raised its position in shares of 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 valued at $745,000 after purchasing an additional 1,974 shares during the period.

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).