iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Hits New 12-Month High – Here’s Why

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO)’s stock price hit a new 52-week high during mid-day trading on Monday. The stock traded as high as $153.99 and last traded at $152.3670, with a volume of 11,509 shares traded. The stock had previously closed at $150.95.

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

The stock has a 50 day moving average of $139.89 and a 200 day moving average of $125.25. The firm has a market cap of $832.79 million, a P/E ratio of 14.30 and a beta of 0.85.

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

A number of institutional investors have recently made changes to their positions in IEO. Compass Financial Management LLC purchased a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the 2nd quarter worth about $75,000. Highland Investment Advisors LLC purchased a new stake in iShares U.S. Oil & Gas Exploration & Production ETF in the second quarter worth about $34,000. Oarsman Capital Inc. purchased a new stake in iShares U.S. Oil & Gas Exploration & Production ETF in the second quarter worth about $348,000. RPg Family Wealth Advisory LLC bought a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the second quarter worth about $3,108,000. Finally, Risk Paradigm Group LLC bought a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the second quarter worth about $3,105,000.

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). 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.