iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Hits New 52-Week High – Here’s Why

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) shares hit a new 52-week high during trading on Monday . The stock traded as high as $93.07 and last traded at $90.26, with a volume of 65584 shares traded. The stock had previously closed at $92.54.

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

The company has a market capitalization of $742.65 million, a price-to-earnings ratio of 6.89 and a beta of 0.60. The business’s 50-day moving average price is $95.22 and its two-hundred day moving average price is $95.94.

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

Several institutional investors and hedge funds have recently bought and sold shares of IEO. Family Firm Inc. acquired a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the 2nd quarter valued at approximately $78,000. Whittier Trust Co. grew 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 valued at $287,000 after acquiring an additional 2,679 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in shares of 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 during the last quarter. Wedbush Securities Inc. increased its position in iShares U.S. Oil & Gas Exploration & Production ETF by 35.8% during the 2nd quarter. Wedbush Securities Inc. now owns 7,481 shares of the company’s stock worth $745,000 after purchasing an additional 1,974 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in iShares U.S. Oil & Gas Exploration & Production ETF by 38.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 38,106 shares of the company’s stock valued at $3,792,000 after purchasing an additional 10,649 shares during the last quarter.

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).