iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Sets New 12-Month High – Should You Buy?

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEOGet Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as $112.95 and last traded at $111.3780, with a volume of 47455 shares. The stock had previously closed at $108.40.

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

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

iShares U.S. Oil & Gas Exploration & Production ETF Trading Up 2.7%

The business has a 50 day moving average of $96.74 and a 200-day moving average of $93.29. The stock has a market cap of $606.82 million, a PE ratio of 14.30 and a beta of 0.85.

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

Several institutional investors and hedge funds have recently bought and sold shares of the business. RiverFront Investment Group LLC acquired a new stake in iShares U.S. Oil & Gas Exploration & Production ETF during the 2nd quarter worth $626,000. BNP Paribas Financial Markets purchased a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF during the second quarter worth about $4,430,000. First Horizon Corp acquired a new position in iShares U.S. Oil & Gas Exploration & Production ETF in the 3rd quarter valued at about $230,000. Gill Capital Partners LLC purchased a new stake in iShares U.S. Oil & Gas Exploration & Production ETF during the 3rd quarter valued at approximately $203,000. Finally, Tradewinds LLC. acquired a new stake in iShares U.S. Oil & Gas Exploration & Production ETF during the 3rd quarter worth approximately $506,000.

About iShares U.S. Oil & Gas Exploration & Production ETF

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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.

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