iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Sets New 52-Week High – Time to Buy?

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

iShares U.S. Oil & Gas Exploration & Production ETF Trading Down 2.6 %

The company has a fifty day moving average price of $94.64 and a 200-day moving average price of $96.80. The firm has a market cap of $827.99 million, a price-to-earnings ratio of 6.89 and a beta of 0.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. lifted its holdings in iShares U.S. Oil & Gas Exploration & Production ETF by 38.8% during the second 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 in the last quarter. Wedbush Securities Inc. increased its stake in iShares U.S. Oil & Gas Exploration & Production ETF by 35.8% during the 2nd quarter. Wedbush Securities Inc. now owns 7,481 shares of the company’s stock worth $745,000 after buying an additional 1,974 shares in the last quarter. Sunbelt Securities Inc. raised its holdings 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 valued at $334,000 after acquiring an additional 676 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 1,319.7% during 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 last quarter. Finally, City State Bank purchased a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF during the second quarter worth approximately $169,000.

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).