iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Reaches New 52-Week High – Here’s Why

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $96.60 and last traded at $96.02, with a volume of 73291 shares trading hands. The stock had previously closed at $97.10.

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

The stock’s 50 day moving average is $94.27 and its 200 day moving average is $99.31. The company has a market capitalization of $776.38 million, a PE ratio of 6.89 and a beta of 0.60.

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

Several institutional investors have recently made changes to their positions in the stock. Hollencrest Capital Management raised its stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 22.2% during the 1st quarter. Hollencrest Capital Management now owns 611 shares of the company’s stock valued at $65,000 after purchasing an additional 111 shares during the period. Family Firm Inc. bought a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF during the second quarter valued at about $78,000. Red Tortoise LLC purchased a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the first quarter worth about $119,000. City State Bank bought a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the second quarter valued at approximately $169,000. Finally, Wedbush Securities Inc. boosted its position in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 35.8% in the second quarter. Wedbush Securities Inc. now owns 7,481 shares of the company’s stock valued at $745,000 after acquiring an additional 1,974 shares during the period.

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).