iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Stock Price Down 6.9% – Should You Sell?

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEOGet Free Report)’s share price were down 6.9% on Wednesday . The stock traded as low as $97.51 and last traded at $90.4050. 56,260 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 88,691 shares. The stock had previously closed at $97.06.

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

The company has a 50 day moving average price of $91.33 and a 200 day moving average price of $90.86. The firm has a market cap of $492.71 million, a price-to-earnings ratio of 14.30 and a beta of 0.85.

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

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake 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 worth $996,000 after acquiring an additional 206 shares in the last quarter. Tradewinds LLC. purchased a new stake in iShares U.S. Oil & Gas Exploration & Production ETF in the 3rd quarter valued at approximately $506,000. Gill Capital Partners LLC acquired a new position in iShares U.S. Oil & Gas Exploration & Production ETF during the third quarter worth $203,000. First Horizon Corp purchased a new stake in iShares U.S. Oil & Gas Exploration & Production ETF during the third quarter worth about $230,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF during the 2nd quarter worth approximately $4,430,000.

iShares U.S. Oil & Gas Exploration & Production ETF Company Profile

(Get Free Report)

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).

Further Reading

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