iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Shares Down 6.9% – What’s Next?

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

iShares U.S. Oil & Gas Exploration & Production ETF Stock Down 6.9%

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

Hedge Funds Weigh In On iShares U.S. Oil & Gas Exploration & Production ETF

Several large investors have recently bought and sold shares of the business. RMG Wealth Management LLC acquired a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the 2nd quarter valued at approximately $27,000. Gill Capital Partners LLC bought a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF during the 3rd quarter worth approximately $203,000. First Horizon Corp bought a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the third quarter valued at about $230,000. Tradewinds LLC. acquired a new stake in iShares U.S. Oil & Gas Exploration & Production ETF during the third quarter worth approximately $506,000. Finally, RiverFront Investment Group LLC bought a new stake in iShares U.S. Oil & Gas Exploration & Production ETF in the 2nd quarter valued at $626,000.

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

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).