iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Sets New 52-Week High – What’s Next?

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) shares hit a new 52-week high on Tuesday . The stock traded as high as $98.93 and last traded at $95.03, with a volume of 56260 shares trading hands. The stock had previously closed at $97.06.

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

The company’s fifty day moving average price is $93.76 and its 200-day moving average price is $94.57. The stock has a market cap of $792.36 million, a P/E ratio of 6.89 and a beta of 0.60.

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

Several institutional investors have recently added to or reduced their stakes in IEO. JPMorgan Chase & Co. raised its holdings in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 23.5% in the third quarter. JPMorgan Chase & Co. now owns 16,482 shares of the company’s stock worth $1,507,000 after buying an additional 3,137 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in iShares U.S. Oil & Gas Exploration & Production ETF in the 4th quarter valued at $184,000. Finally, Sunbelt Securities Inc. increased 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 worth $334,000 after purchasing an additional 676 shares during the period.

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).