iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Hits New 1-Year High – What’s Next?

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 $108.72 and last traded at $107.2630, with a volume of 8915 shares trading hands. The stock had previously closed at $107.24.

Trending Headlines about iShares U.S. Oil & Gas Exploration & Production ETF

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 Stock Down 0.7%

The firm has a market cap of $574.81 million, a P/E ratio of 14.30 and a beta of 0.85. The business has a fifty day simple moving average of $95.68 and a 200-day simple moving average of $92.88.

Institutional Investors Weigh In On iShares U.S. Oil & Gas Exploration & Production ETF

Several hedge funds have recently bought and sold shares of IEO. JPMorgan Chase & Co. increased its stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 2.0% during the third quarter. JPMorgan Chase & Co. now owns 10,757 shares of the company’s stock valued at $996,000 after purchasing an additional 206 shares in the last quarter. Steph & Co. purchased a new position in iShares U.S. Oil & Gas Exploration & Production ETF during the fourth quarter valued at $53,000. Sunbelt Securities Inc. boosted its holdings in iShares U.S. Oil & Gas Exploration & Production ETF by 32.3% in the fourth quarter. Sunbelt Securities Inc. now owns 2,451 shares of the company’s stock worth $219,000 after acquiring an additional 599 shares in the last quarter. Gill Capital Partners LLC bought a new stake in iShares U.S. Oil & Gas Exploration & Production ETF in the third quarter worth $203,000. Finally, RiverFront Investment Group LLC grew its stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 42.7% in the fourth quarter. RiverFront Investment Group LLC now owns 7,696 shares of the company’s stock worth $687,000 after acquiring an additional 2,304 shares during the last quarter.

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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