iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Stock Price Down 0.9% – Should You Sell?

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZGet Free Report)’s share price traded down 0.9% on Tuesday . The company traded as low as $21.45 and last traded at $21.58. 118,535 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 191,857 shares. The stock had previously closed at $21.79.

iShares U.S. Oil Equipment & Services ETF Trading Up 0.2 %

The stock has a market cap of $262.68 million, a price-to-earnings ratio of 23.20 and a beta of 0.79. The stock has a 50-day moving average price of $20.70 and a two-hundred day moving average price of $21.36.

Institutional Trading of iShares U.S. Oil Equipment & Services ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new stake in iShares U.S. Oil Equipment & Services ETF during the 2nd quarter worth about $101,000. Sunbelt Securities Inc. lifted its holdings in shares of iShares U.S. Oil Equipment & Services ETF by 44.6% in the 2nd quarter. Sunbelt Securities Inc. now owns 4,928 shares of the company’s stock valued at $110,000 after buying an additional 1,521 shares during the period. Marshall Wace LLP acquired a new position in shares of iShares U.S. Oil Equipment & Services ETF in the 2nd quarter valued at about $273,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of iShares U.S. Oil Equipment & Services ETF by 199.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 150,000 shares of the company’s stock valued at $3,014,000 after buying an additional 99,944 shares during the period.

About iShares U.S. Oil Equipment & Services ETF

(Get Free Report)

iShares U.S. Oil Equipment & Services ETF (the Fund), formerly iShares Dow Jones U.S. Oil Equipment & Services Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Oil Equipment & Services Index (the Index).

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