Nova Wealth Management Inc. Sells 3,403 Shares of iShares U.S. Oil & Gas Exploration & Production ETF $IEO

Nova Wealth Management Inc. cut its stake in iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) by 64.8% during the first quarter, HoldingsChannel reports. The firm owned 1,852 shares of the company’s stock after selling 3,403 shares during the period. Nova Wealth Management Inc.’s holdings in iShares U.S. Oil & Gas Exploration & Production ETF were worth $175,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in IEO. GAMMA Investing LLC grew its holdings in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 9,358.0% in the first quarter. GAMMA Investing LLC now owns 6,526 shares of the company’s stock worth $617,000 after purchasing an additional 6,457 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 127.5% in the fourth quarter. Sunbelt Securities Inc. now owns 8,299 shares of the company’s stock worth $733,000 after purchasing an additional 4,651 shares during the last quarter. NBC Securities Inc. bought a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the first quarter worth about $59,000. First Horizon Advisors Inc. grew its holdings in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 9.9% in the first quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock worth $235,000 after purchasing an additional 225 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 0.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 34,211 shares of the company’s stock worth $3,236,000 after purchasing an additional 221 shares during the last quarter.

iShares U.S. Oil & Gas Exploration & Production ETF Trading Down 6.2%

BATS IEO opened at $91.08 on Friday. The company’s 50-day moving average price is $90.30 and its 200-day moving average price is $88.28. The stock has a market cap of $496.38 million, a PE ratio of 14.30 and a beta of 0.85. iShares U.S. Oil & Gas Exploration & Production ETF has a 12 month low of $73.17 and a 12 month high of $102.45.

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).