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 stock price dropped 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 Trading Down 0.9 %

The firm has a 50-day moving average of $20.67 and a two-hundred day moving average of $21.36. The firm has a market cap of $262.20 million, a price-to-earnings ratio of 23.20 and a beta of 0.79.

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

Several institutional investors have recently bought and sold shares of the stock. Family Firm Inc. bought a new position in iShares U.S. Oil Equipment & Services ETF during the 2nd quarter valued at about $101,000. Marshall Wace LLP acquired a new stake in shares of iShares U.S. Oil Equipment & Services ETF during the second quarter worth approximately $273,000. Sunbelt Securities Inc. raised its stake in shares of iShares U.S. Oil Equipment & Services ETF by 44.6% in the second quarter. Sunbelt Securities Inc. now owns 4,928 shares of the company’s stock valued at $110,000 after acquiring an additional 1,521 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings 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 worth $3,014,000 after acquiring an additional 99,944 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).