iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Stock Price Up 0.8% – Still a Buy?

Shares of iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) rose 0.8% during trading on Monday . The company traded as high as $30.56 and last traded at $30.55. 139,862 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 501,135 shares. The stock had previously closed at $30.31.

iShares U.S. Oil Equipment & Services ETF Stock Performance

The firm has a market capitalization of $395.62 million, a PE ratio of 11.67 and a beta of 0.91. The stock’s 50 day simple moving average is $27.93 and its two-hundred day simple moving average is $28.72.

Hedge Funds Weigh In On iShares U.S. Oil Equipment & Services ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL acquired a new position in iShares U.S. Oil Equipment & Services ETF during the fourth quarter worth $35,000. Advisors Preferred LLC acquired a new stake in shares of iShares U.S. Oil Equipment & Services ETF in the 1st quarter worth $40,000. Sunbelt Securities Inc. increased its stake in shares of iShares U.S. Oil Equipment & Services ETF by 198.3% in the 1st quarter. Sunbelt Securities Inc. now owns 6,971 shares of the company’s stock worth $202,000 after acquiring an additional 4,634 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of iShares U.S. Oil Equipment & Services ETF by 25.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 53,762 shares of the company’s stock worth $912,000 after acquiring an additional 10,994 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of iShares U.S. Oil Equipment & Services ETF by 46.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 147,700 shares of the company’s stock worth $2,849,000 after acquiring an additional 47,000 shares during the period.

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). The Index measures the performance of the oil equipment and services sector of the United States equity market, and includes companies that are suppliers of equipment or services to oil fields and offshore platforms, such as drilling, exploration, engineering, logistics, seismic information services and platform construction.