iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) Stock Price Down 8.7% – Should You Sell?

iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) dropped 8.7% on Monday . The stock traded as low as $97.51 and last traded at $88.60. Approximately 56,260 shares were traded during trading, a decline of 37% from the average daily volume of 89,529 shares. The stock had previously closed at $97.06.

iShares U.S. Oil & Gas Exploration & Production ETF Trading Down 8.7%

The company has a 50-day moving average price of $85.75 and a two-hundred day moving average price of $90.98. The stock has a market cap of $491.75 million, a P/E ratio of 12.13 and a beta of 0.84.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IEO. NBC Securities Inc. bought a new stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF in the 1st quarter worth about $59,000. Runnymede Capital Advisors Inc. bought a new stake in iShares U.S. Oil & Gas Exploration & Production ETF in the fourth quarter worth about $101,000. First Horizon Advisors Inc. grew its stake in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 9.9% during the first quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock valued at $235,000 after buying an additional 225 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 9,358.0% in the first quarter. GAMMA Investing LLC now owns 6,526 shares of the company’s stock worth $617,000 after buying an additional 6,457 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 125.7% in the fourth quarter. Jones Financial Companies Lllp now owns 6,664 shares of the company’s stock worth $597,000 after buying an additional 3,711 shares during the period.

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).