iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Hits New 52-Week High – Still a Buy?

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $144.22 and last traded at $144.2560, with a volume of 7141 shares trading hands. The stock had previously closed at $141.79.

iShares U.S. Oil & Gas Exploration & Production ETF Trading Up 1.7%

The stock’s fifty day moving average price is $127.81 and its 200 day moving average price is $120.19. The stock has a market cap of $785.73 million, a P/E ratio of 14.30 and a beta of 0.85.

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

Hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 2.9% in the first quarter. Janney Montgomery Scott LLC now owns 5,038 shares of the company’s stock worth $629,000 after purchasing an additional 144 shares during the last quarter. JPMorgan Chase & Co. raised its position in iShares U.S. Oil & Gas Exploration & Production ETF by 2.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,757 shares of the company’s stock valued at $996,000 after purchasing an additional 206 shares during the last quarter. RMG Wealth Management LLC bought a new position in iShares U.S. Oil & Gas Exploration & Production ETF during the 1st quarter valued at approximately $35,000. Highland Investment Advisors LLC purchased a new stake in iShares U.S. Oil & Gas Exploration & Production ETF in the 2nd quarter worth approximately $34,000. Finally, Sunbelt Securities Inc. lifted its holdings in iShares U.S. Oil & Gas Exploration & Production ETF by 32.3% in the 4th quarter. Sunbelt Securities Inc. now owns 2,451 shares of the company’s stock worth $219,000 after buying an additional 599 shares during the period.

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). 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.