iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Stock Price Down 1.3% – Here’s What Happened

Posted by Doug Wharley on Feb 20th, 2025

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ – Get Free Report) shares dropped 1.3% on Wednesday . The company traded as low as $20.92 and last traded at $20.97. Approximately 97,599 shares were traded during trading, a decline of 43% from the average daily volume of 172,681 shares. The stock had previously closed at $21.24.

iShares U.S. Oil Equipment & Services ETF Stock Down 1.3 %

The stock has a market cap of $254.79 million, a P/E ratio of 23.20 and a beta of 0.79. The company’s 50 day moving average price is $20.59 and its 200-day moving average price is $20.68.

Institutional Investors Weigh In On iShares U.S. Oil Equipment & Services ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Family Firm Inc. bought a new position in shares of iShares U.S. Oil Equipment & Services ETF in the fourth quarter valued at approximately $248,000. Jones Financial Companies Lllp increased its holdings in 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 worth $250,000 after acquiring an additional 3,838 shares during the period. Sunbelt Securities Inc. boosted its stake 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 buying an additional 9,991 shares during the period. Parallel Advisors LLC lifted its holdings in shares of iShares U.S. Oil Equipment & Services ETF by 3,680.4% during the 4th quarter. Parallel Advisors LLC now owns 28,353 shares of the company’s stock worth $562,000 after acquiring an additional 27,603 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of iShares U.S. Oil Equipment & Services ETF by 199.7% during the third quarter. BNP Paribas Financial Markets now owns 150,000 shares of the company’s stock worth $3,014,000 after acquiring an additional 99,944 shares in the last quarter.

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).