iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Shares Up 3.8% – Should You Buy?

Shares of iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) traded up 3.8% on Friday . The stock traded as high as $15.91 and last traded at $15.86. 139,619 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 156,413 shares. The stock had previously closed at $15.28.

iShares U.S. Oil Equipment & Services ETF Stock Up 3.8 %

The stock has a market capitalization of $126.09 million, a P/E ratio of 12.92 and a beta of 1.31. The business has a fifty day moving average price of $19.11 and a 200-day moving average price of $20.12.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IEZ. Jones Financial Companies Lllp grew its stake in shares of iShares U.S. Oil Equipment & Services ETF by 43.6% during the 4th quarter. Jones Financial Companies Lllp now owns 12,638 shares of the company’s stock valued at $250,000 after purchasing an additional 3,838 shares during the period. Sunbelt Securities Inc. raised its holdings in iShares U.S. Oil Equipment & Services ETF by 202.7% during the third quarter. Sunbelt Securities Inc. now owns 14,919 shares of the company’s stock valued at $300,000 after acquiring an additional 9,991 shares during the period. Family Firm Inc. bought a new position in iShares U.S. Oil Equipment & Services ETF in the 4th quarter worth approximately $248,000. Finally, Parallel Advisors LLC grew its stake in iShares U.S. Oil Equipment & Services ETF by 3,680.4% during the fourth quarter. Parallel Advisors LLC now owns 28,353 shares of the company’s stock valued at $562,000 after acquiring an additional 27,603 shares in the last quarter.

iShares U.S. Oil Equipment & Services ETF Company Profile

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).