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

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) shares reached a new 52-week high on Monday . The stock traded as high as $92.43 and last traded at $91.79, with a volume of 84205 shares. The stock had previously closed at $90.24.

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

The stock has a market cap of $766.45 million, a price-to-earnings ratio of 6.89 and a beta of 0.60. The company’s fifty day simple moving average is $93.33 and its two-hundred day simple moving average is $97.67.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IEO. Wedbush Securities Inc. raised its holdings in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 35.8% in the second quarter. Wedbush Securities Inc. now owns 7,481 shares of the company’s stock valued at $745,000 after purchasing an additional 1,974 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 1,319.7% in the second quarter. Whittier Trust Co. now owns 2,882 shares of the company’s stock valued at $287,000 after acquiring an additional 2,679 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 38.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 38,106 shares of the company’s stock valued at $3,792,000 after acquiring an additional 10,649 shares during the last quarter. Family Firm Inc. bought a new stake in iShares U.S. Oil & Gas Exploration & Production ETF during the second quarter worth $78,000. Finally, City State Bank purchased a new position in iShares U.S. Oil & Gas Exploration & Production ETF in the second quarter worth $169,000.

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

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).