iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Hits New 12-Month High – Still a Buy?

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $99.64 and last traded at $99.73, with a volume of 108372 shares changing hands. The stock had previously closed at $97.96.

iShares U.S. Oil & Gas Exploration & Production ETF Stock Up 1.8 %

The stock has a market capitalization of $832.75 million, a price-to-earnings ratio of 6.89 and a beta of 0.60. The company has a 50 day simple moving average of $93.53 and a 200-day simple moving average of $96.92.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. boosted its position in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 38.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 38,106 shares of the company’s stock worth $3,792,000 after purchasing an additional 10,649 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in 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 worth $745,000 after acquiring an additional 1,974 shares in the last quarter. Sunbelt Securities Inc. grew its stake 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 during the period. Whittier Trust Co. increased its holdings in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 1,319.7% during the second quarter. Whittier Trust Co. now owns 2,882 shares of the company’s stock valued at $287,000 after acquiring an additional 2,679 shares in the last quarter. Finally, City State Bank acquired a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF during the second quarter worth approximately $169,000.

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).