iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Trading Down 0.6% – Time to Sell?

Shares of iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) traded down 0.6% on Monday . The stock traded as low as $28.33 and last traded at $28.66. 502,759 shares were traded during mid-day trading, a decline of 3% from the average session volume of 515,852 shares. The stock had previously closed at $28.84.

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

The company has a market cap of $452.83 million, a PE ratio of 11.67 and a beta of 0.87. The business has a 50-day moving average of $28.39 and a 200 day moving average of $23.97.

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

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in iShares U.S. Oil Equipment & Services ETF by 34.7% during the fourth quarter. BNP Paribas Financial Markets now owns 199,000 shares of the company’s stock valued at $4,153,000 after acquiring an additional 51,300 shares during the last quarter. Ameriprise Financial Inc. increased its position in iShares U.S. Oil Equipment & Services ETF by 42.6% during the third quarter. Ameriprise Financial Inc. now owns 76,684 shares of the company’s stock valued at $1,479,000 after acquiring an additional 22,922 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in iShares U.S. Oil Equipment & Services ETF during the fourth 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.