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

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEOGet Free Report)’s share price reached a new 52-week high on Monday . The stock traded as high as $103.50 and last traded at $103.37, with a volume of 27223 shares changing hands. The stock had previously closed at $103.07.

iShares U.S. Oil & Gas Exploration & Production ETF News Roundup

Here are the key news stories impacting iShares U.S. Oil & Gas Exploration & Production ETF this week:

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

The business’s 50 day simple moving average is $93.22 and its 200 day simple moving average is $91.62. The company has a market capitalization of $561.84 million, a price-to-earnings ratio of 14.30 and a beta of 0.85.

Hedge Funds Weigh In On iShares U.S. Oil & Gas Exploration & Production ETF

Several institutional investors have recently bought and sold shares of IEO. JPMorgan Chase & Co. raised its holdings in iShares U.S. Oil & Gas Exploration & Production ETF by 2.0% during the third quarter. JPMorgan Chase & Co. now owns 10,757 shares of the company’s stock worth $996,000 after purchasing an additional 206 shares in the last quarter. Steph & Co. acquired a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the 4th quarter worth approximately $53,000. Gill Capital Partners LLC purchased a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the third quarter valued at $203,000. RiverFront Investment Group LLC grew its stake in iShares U.S. Oil & Gas Exploration & Production ETF by 42.7% in the 4th quarter. RiverFront Investment Group LLC now owns 7,696 shares of the company’s stock valued at $687,000 after acquiring an additional 2,304 shares during the last quarter. Finally, First Horizon Corp acquired a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the third quarter valued at approximately $230,000.

About iShares U.S. Oil & Gas Exploration & Production ETF

(Get Free Report)

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.

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