iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Reaches New 12-Month High – Should You Buy?

Shares of iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $96.60 and last traded at $96.02, with a volume of 73291 shares changing hands. The stock had previously closed at $97.10.

iShares U.S. Oil & Gas Exploration & Production ETF Trading Up 0.4 %

The business’s fifty day simple moving average is $94.27 and its 200 day simple moving average is $99.31. The stock has a market cap of $776.38 million, a price-to-earnings ratio of 6.89 and a beta of 0.60.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Red Tortoise LLC acquired a new stake in iShares U.S. Oil & Gas Exploration & Production ETF during the 1st quarter worth $119,000. Hollencrest Capital Management lifted its holdings in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 22.2% during the 1st quarter. Hollencrest Capital Management now owns 611 shares of the company’s stock valued at $65,000 after purchasing an additional 111 shares in the last quarter. City State Bank bought a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF during the 2nd quarter valued at about $169,000. 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. Finally, Cambridge Investment Research Advisors Inc. increased its stake in iShares U.S. Oil & Gas Exploration & Production ETF by 38.8% during the 2nd 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 in 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).