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

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $102.45 and last traded at $99.16, with a volume of 127159 shares trading hands. The stock had previously closed at $101.83.

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

The company’s 50 day simple moving average is $94.94 and its two-hundred day simple moving average is $96.72. The company has a market cap of $826.90 million, a PE ratio of 6.89 and a beta of 0.60.

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

Several large investors have recently added to or reduced their stakes in IEO. Sunbelt Securities Inc. grew its stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 22.7% during the third quarter. Sunbelt Securities Inc. now owns 3,648 shares of the company’s stock worth $334,000 after purchasing an additional 676 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF during the 2nd quarter worth about $78,000. City State Bank purchased a new stake in iShares U.S. Oil & Gas Exploration & Production ETF during the second quarter worth approximately $169,000. Wedbush Securities Inc. boosted its holdings 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 valued at $745,000 after purchasing an additional 1,974 shares in the last quarter. Finally, Whittier Trust Co. boosted its holdings 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 purchasing an additional 2,679 shares in the last quarter.

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).