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

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEOGet Free Report)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $131.00 and last traded at $131.00, with a volume of 3266 shares trading hands. The stock had previously closed at $128.99.

More iShares U.S. Oil & Gas Exploration & Production ETF News

Here are the key news stories impacting iShares U.S. Oil & Gas Exploration & Production ETF this week:

iShares U.S. Oil & Gas Exploration & Production ETF Stock Down 1.6%

The stock’s 50 day moving average is $109.23 and its two-hundred day moving average is $97.61. The company has a market capitalization of $680.71 million, a PE ratio of 14.30 and a beta of 0.85.

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

Several hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets bought a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF during the second quarter valued at approximately $4,430,000. First Horizon Corp bought a new position in iShares U.S. Oil & Gas Exploration & Production ETF in the third quarter worth approximately $230,000. Gill Capital Partners LLC bought a new position in iShares U.S. Oil & Gas Exploration & Production ETF in the third quarter worth approximately $203,000. Tradewinds LLC. purchased a new stake in iShares U.S. Oil & Gas Exploration & Production ETF during the third quarter worth $506,000. Finally, JPMorgan Chase & Co. lifted its holdings in iShares U.S. Oil & Gas Exploration & Production ETF by 2.0% during the third quarter. JPMorgan Chase & Co. now owns 10,757 shares of the company’s stock worth $996,000 after buying an additional 206 shares during the period.

About iShares U.S. Oil & Gas Exploration & Production ETF

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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). The Index measures the performance of the oil exploration and production sub-sector of the United States equity market, and includes companies that are engaged in the exploration for and extraction, production, refining, and supply of oil and gas products.

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