iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Reaches New 12-Month High at $98.28

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) reached a new 52-week high during trading on Monday . The stock traded as high as $98.28 and last traded at $97.51, with a volume of 104772 shares changing hands. The stock had previously closed at $96.96.

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

The firm has a market capitalization of $794.50 million, a PE ratio of 6.89 and a beta of 0.60. The company’s fifty day simple moving average is $97.76 and its 200 day simple moving average is $100.40.

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

A number of institutional investors and hedge funds have recently modified their holdings of IEO. BNP Paribas Financial Markets purchased a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the fourth quarter worth about $4,597,000. Janney Montgomery Scott LLC raised its stake in iShares U.S. Oil & Gas Exploration & Production ETF by 107.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,986 shares of the company’s stock valued at $1,303,000 after purchasing an additional 7,250 shares in the last quarter. Tradition Wealth Management LLC raised its stake in iShares U.S. Oil & Gas Exploration & Production ETF by 16.7% in the fourth quarter. Tradition Wealth Management LLC now owns 1,407 shares of the company’s stock valued at $131,000 after purchasing an additional 201 shares in the last quarter. Red Tortoise LLC purchased a new stake in iShares U.S. Oil & Gas Exploration & Production ETF in the first quarter valued at approximately $119,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in iShares U.S. Oil & Gas Exploration & Production ETF by 26.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,457 shares of the company’s stock valued at $2,937,000 after purchasing an additional 5,678 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).