11,575 Shares of iShares U.S. Oil & Gas Exploration & Production ETF $IEO Bought by Carret Asset Management LLC

Carret Asset Management LLC purchased a new position in iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,575 shares of the company’s stock, valued at approximately $1,528,000.

Other hedge funds also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new position in iShares U.S. Oil & Gas Exploration & Production ETF during the second quarter worth approximately $3,108,000. Risk Paradigm Group LLC purchased a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the second quarter valued at approximately $3,105,000. Oarsman Capital Inc. purchased a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the second quarter valued at approximately $348,000. Compass Financial Management LLC purchased a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the second quarter valued at approximately $75,000. Finally, Highland Investment Advisors LLC purchased a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the second quarter valued at approximately $34,000.

iShares U.S. Oil & Gas Exploration & Production ETF News Summary

Here are the key news stories impacting iShares U.S. Oil & Gas Exploration & Production ETF this week:

• Positive Sentiment: Falling distillate inventories, resilient U.S. jobs growth and continuing Middle East supply constraints could support crude prices over the longer term. Crude Oil Forecast: Why Falling Inventories Keep Supply Risks in Focus
• Neutral Sentiment: Oil has been volatile and largely range-bound, with Middle East and Strait of Hormuz risks providing a floor while technical resistance and recent weakness limit the near-term outlook. Oil set for sharp weekly drop but Middle East supply concerns provide floor
• Negative Sentiment: Reports of demand falling as high prices curb consumption, alongside fresh signs of a potential oil surplus, are bearish for crude and could weigh on exploration and production companies held by IEO. As high oil prices curb demand, fresh signs of glut appear
• Negative Sentiment: Oil is set for a sharp weekly decline, with easing concerns about escalation in the Iran conflict adding to pressure on prices. WTI’s rebound from support has not erased technical downside risks. Markets fret over growth and inflation despite easing oil prices

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

Shares of IEO stock opened at $129.73 on Monday. The company has a market cap of $817.30 million, a price-to-earnings ratio of 9.31 and a beta of 0.44. The stock has a 50 day simple moving average of $141.48 and a 200-day simple moving average of $122.31. iShares U.S. Oil & Gas Exploration & Production ETF has a 1-year low of $87.72 and a 1-year high of $153.99.

iShares U.S. Oil & Gas Exploration & Production ETF 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). The Index measures the performance of the oil exploration and production sub-sector of the United States equity market, and includes companies that are engaged in the exploration for and extraction, production, refining, and supply of oil and gas products.