Comerica Bank Reduces Stock Position in iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO)

Comerica Bank trimmed its holdings in iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) by 66.6% in the first quarter, Holdings Channel reports. The institutional investor owned 318 shares of the company’s stock after selling 634 shares during the quarter. Comerica Bank’s holdings in iShares U.S. Oil & Gas Exploration & Production ETF were worth $34,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its stake in iShares U.S. Oil & Gas Exploration & Production ETF by 26.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,457 shares of the company’s stock valued at $2,937,000 after acquiring an additional 5,678 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in iShares U.S. Oil & Gas Exploration & Production ETF by 107.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 13,986 shares of the company’s stock valued at $1,303,000 after purchasing an additional 7,250 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of iShares U.S. Oil & Gas Exploration & Production ETF during the 4th quarter valued at $4,597,000. Hollencrest Capital Management increased its holdings in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 22.2% in the first quarter. Hollencrest Capital Management now owns 611 shares of the company’s stock worth $65,000 after purchasing an additional 111 shares during the period. Finally, Tradition Wealth Management LLC raised its position in shares of iShares U.S. Oil & Gas Exploration & Production ETF by 16.7% in the fourth quarter. Tradition Wealth Management LLC now owns 1,407 shares of the company’s stock worth $131,000 after buying an additional 201 shares in the last quarter.

iShares U.S. Oil & Gas Exploration & Production ETF Trading Up 0.6 %

Shares of IEO opened at $97.51 on Tuesday. iShares U.S. Oil & Gas Exploration & Production ETF has a 12-month low of $50.49 and a 12-month high of $70.54. The company has a market cap of $814.21 million, a PE ratio of 6.89 and a beta of 0.60. The stock has a 50-day moving average price of $97.91 and a 200-day moving average price of $100.33.

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).