iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Shares Up 0.9% – Should You Buy?

The iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) experienced a notable increase of 0.9% during mid-day trading on Monday. By reaching a peak price of $92.17, the shares later adjusted to a last trading price of $91.93. A total of 93,167 shares changed hands during this trading session, especially after the stock had closed at $91.15 on the previous day.

Market Performance Insights

This ETF holds a market capitalization of $764.61 million and has a price-to-earnings (P/E) ratio of 6.89. The ETF also has a beta value of 0.60, indicating lower volatility compared to the broader market. The fifty-day moving average price stands at $93.64, while the 200-day moving average price is at $94.93, providing key indicators for potential investors.

Institutional Activity Surrounding IEO

Recent movements by institutional investors indicate growing interest in the iShares U.S. Oil & Gas Exploration & Production ETF. For instance, JPMorgan Chase & Co. increased its position in this ETF by 23.5% during the third quarter, now holding 16,482 shares valued at $1,507,000 after acquiring an additional 3,137 shares. Similarly, Wedbush Securities Inc. raised its holdings by 35.8% in the second quarter, accumulating 7,481 shares valued at $745,000 after purchasing an additional 1,974 shares. Sunbelt Securities Inc. also expanded its stake by 22.7% in the third quarter, now owning 3,648 shares valued at $334,000 after obtaining an extra 676 shares during the last quarter.

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

The iShares U.S. Oil & Gas Exploration & Production ETF, previously known as the iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund, is designed to provide investment results that closely correspond to the price and yield performance of the Dow Jones U.S. Select Oil Exploration & Production Index.

Conclusion and Consideration

With recent gains and active trading, potential investors may consider the iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) as a valuable addition to their portfolio. Nevertheless, it’s crucial to conduct thorough research and assess personal investment goals before making any decisions.

ETFs, Oil, Investing