iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Trading Down 1.3% – Here’s Why

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ)’s stock price traded down 1.3% on Wednesday . The company traded as low as $20.92 and last traded at $20.97. 97,599 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 172,681 shares. The stock had previously closed at $21.24.

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

The firm has a fifty day moving average price of $20.59 and a 200 day moving average price of $20.68. The firm has a market capitalization of $254.79 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

A number of hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp boosted its position 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 last quarter. Sunbelt Securities Inc. raised its position in shares of 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 valued at $300,000 after purchasing an additional 9,991 shares during the period. Family Firm Inc. bought a new stake in iShares U.S. Oil Equipment & Services ETF in the 4th quarter valued at $248,000. Parallel Advisors LLC boosted its position in shares of iShares U.S. Oil Equipment & Services ETF by 3,680.4% in the fourth quarter. Parallel Advisors LLC now owns 28,353 shares of the company’s stock valued at $562,000 after acquiring an additional 27,603 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of iShares U.S. Oil Equipment & Services ETF by 199.7% in the third quarter. BNP Paribas Financial Markets now owns 150,000 shares of the company’s stock valued at $3,014,000 after buying an additional 99,944 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).