iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Hits New 1-Year High – Still a Buy?

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $98.93 and last traded at $94.09, with a volume of 56260 shares changing hands. The stock had previously closed at $97.06.

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

The firm has a 50-day simple moving average of $93.11 and a 200 day simple moving average of $94.15. The company has a market capitalization of $573.66 million, a PE ratio of 12.16 and a beta of 1.44.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. grew its position in iShares U.S. Oil & Gas Exploration & Production ETF by 22.7% in 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 in the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in iShares U.S. Oil & Gas Exploration & Production ETF during the 4th quarter valued at $101,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in iShares U.S. Oil & Gas Exploration & Production ETF during the 4th quarter valued at $184,000. JPMorgan Chase & Co. increased its stake in iShares U.S. Oil & Gas Exploration & Production ETF by 23.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,482 shares of the company’s stock worth $1,507,000 after buying an additional 3,137 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in iShares U.S. Oil & Gas Exploration & Production ETF by 125.7% in the 4th quarter. Jones Financial Companies Lllp now owns 6,664 shares of the company’s stock worth $597,000 after buying an additional 3,711 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).