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

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO)’s share price hit a new 52-week high on Monday . The company traded as high as $98.93 and last traded at $91.74, with a volume of 56260 shares. The stock had previously closed at $97.06.

iShares U.S. Oil & Gas Exploration & Production ETF Trading Down 4.6 %

The business has a 50-day moving average price of $93.44 and a two-hundred day moving average price of $94.42. The firm has a market capitalization of $773.32 million, a price-to-earnings ratio of 6.89 and a beta of 0.60.

Institutional Trading of iShares U.S. Oil & Gas Exploration & Production ETF

Large investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in iShares U.S. Oil & Gas Exploration & Production ETF in the 4th quarter valued at approximately $184,000. Sunbelt Securities Inc. boosted its stake in iShares U.S. Oil & Gas Exploration & Production ETF by 22.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 3,648 shares of the company’s stock valued at $334,000 after purchasing an additional 676 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted 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 valued at $1,507,000 after purchasing an additional 3,137 shares in the last quarter.

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).