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

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEOGet Free Report)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $138.38 and last traded at $137.91, with a volume of 20495 shares. The stock had previously closed at $134.81.

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

The firm’s 50 day moving average is $121.80 and its two-hundred day moving average is $117.74. The firm has a market capitalization of $742.40 million, a P/E ratio of 14.30 and a beta of 0.85.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IEO. BNP Paribas Financial Markets acquired a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the second quarter valued at $4,430,000. RPg Family Wealth Advisory LLC acquired a new stake in iShares U.S. Oil & Gas Exploration & Production ETF during the second quarter worth approximately $3,108,000. Risk Paradigm Group LLC acquired a new stake in iShares U.S. Oil & Gas Exploration & Production ETF during the second quarter worth approximately $3,105,000. Bearing Point Capital LLC bought a new stake in iShares U.S. Oil & Gas Exploration & Production ETF in the 4th quarter valued at $1,329,000. Finally, JPMorgan Chase & Co. boosted its position in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 2.0% in the third quarter. JPMorgan Chase & Co. now owns 10,757 shares of the company’s stock valued at $996,000 after acquiring an additional 206 shares during the period.

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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