iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Sets New 12-Month High at $109.20

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 $109.20 and last traded at $108.97, with a volume of 122274 shares. The stock had previously closed at $108.44.

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

The company has a market capitalization of $888.11 million, a price-to-earnings ratio of 7.24 and a beta of 0.60. The firm has a 50-day simple moving average of $103.41 and a two-hundred day simple moving average of $97.09.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its position in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 105.6% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 22,324 shares of the company’s stock worth $2,177,000 after buying an additional 11,468 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the third quarter valued at about $96,000. Sunbelt Securities Inc. raised its stake in iShares U.S. Oil & Gas Exploration & Production ETF by 96.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 6,464 shares of the company’s stock valued at $630,000 after acquiring an additional 3,169 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the fourth quarter valued at about $38,000. Finally, BNP Paribas Financial Markets acquired a new position in iShares U.S. Oil & Gas Exploration & Production ETF during the 4th quarter worth approximately $4,597,000.

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).