iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Stock Price Down 0.9% – What’s Next?

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

iShares U.S. Oil Equipment & Services ETF Stock Down 0.9 %

The stock has a fifty day moving average of $20.67 and a 200-day moving average of $21.36. The firm has a market capitalization of $262.20 million, a P/E ratio of 23.20 and a beta of 0.79.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sunbelt Securities Inc. increased its position in iShares U.S. Oil Equipment & Services ETF by 202.7% in the third quarter. Sunbelt Securities Inc. now owns 14,919 shares of the company’s stock worth $300,000 after purchasing an additional 9,991 shares during the period. BNP Paribas Financial Markets boosted its stake 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 purchasing an additional 99,944 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of iShares U.S. Oil Equipment & Services ETF during the 2nd quarter worth approximately $273,000. Finally, Family Firm Inc. bought a new stake in shares of iShares U.S. Oil Equipment & Services ETF during the second quarter worth approximately $101,000.

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).