iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Reaches New 1-Year High – Here’s Why

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) reached a new 52-week high on Monday . The stock traded as high as $95.37 and last traded at $94.21, with a volume of 83286 shares trading hands. The stock had previously closed at $93.66.

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

The business’s 50-day simple moving average is $95.72 and its two-hundred day simple moving average is $96.28. The stock has a market capitalization of $784.73 million, a price-to-earnings ratio of 6.89 and a beta of 0.60.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Family Firm Inc. bought a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the 2nd quarter worth about $78,000. Whittier Trust Co. boosted its stake 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 period. Sunbelt Securities Inc. lifted its holdings in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 22.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 3,648 shares of the company’s stock worth $334,000 after purchasing an additional 676 shares during the last quarter. Wedbush Securities Inc. lifted its stake 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 buying an additional 1,974 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted 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 valued at $3,792,000 after purchasing an additional 10,649 shares during the period.

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).