iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Shares Up 2.8% – Still a Buy?

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) shares rose 2.8% on Friday . The stock traded as high as $16.55 and last traded at $16.53. Approximately 178,710 shares were traded during trading, an increase of 12% from the average daily volume of 159,161 shares. The stock had previously closed at $16.08.

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

The stock has a market capitalization of $124.80 million, a price-to-earnings ratio of 10.45 and a beta of 1.31. The stock’s 50 day simple moving average is $17.69 and its 200-day simple moving average is $19.65.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Family Firm Inc. bought a new position in iShares U.S. Oil Equipment & Services ETF during the fourth quarter valued at about $248,000. Jones Financial Companies Lllp increased its holdings in shares of 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 valued at $250,000 after acquiring an additional 3,838 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of iShares U.S. Oil Equipment & Services ETF by 3,680.4% in the 4th 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 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).