iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ – Get Free Report)’s stock price were down 2.7% on Tuesday. The company traded as low as $26.69 and last traded at $26.75. Approximately 909,939 shares traded hands during mid-day trading, an increase of 99% from the average daily volume of 457,514 shares. The stock had previously closed at $27.48.
iShares U.S. Oil Equipment & Services ETF Trading Down 2.7%
The firm has a 50-day simple moving average of $28.91 and a 200-day simple moving average of $29.10. The firm has a market cap of $346.41 million, a P/E ratio of 11.67 and a beta of 0.92.
Institutional Investors Weigh In On iShares U.S. Oil Equipment & Services ETF
Several institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. boosted its position 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 purchasing an additional 4,634 shares in the last quarter. Advisors Preferred LLC acquired a new stake in shares of iShares U.S. Oil Equipment & Services ETF during the first quarter worth about $40,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of iShares U.S. Oil Equipment & Services ETF in the 4th quarter valued at $35,000.
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). 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.
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