iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Reaches New 52-Week High – What’s Next?

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZGet Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $32.46 and last traded at $32.46, with a volume of 120500 shares. The stock had previously closed at $31.52.

iShares U.S. Oil Equipment & Services ETF Trading Up 2.3%

The company’s fifty day moving average price is $29.35 and its two-hundred day moving average price is $25.42. The firm has a market cap of $538.74 million, a P/E ratio of 11.67 and a beta of 0.91.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets raised its stake in shares of iShares U.S. Oil Equipment & Services ETF by 34.7% in 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. raised its stake in shares of iShares U.S. Oil Equipment & Services ETF by 42.6% in 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. Strategic Investment Solutions Inc. IL bought a new position in shares of iShares U.S. Oil Equipment & Services ETF in the fourth quarter valued at approximately $35,000. Finally, Advisors Preferred LLC bought a new position in shares of iShares U.S. Oil Equipment & Services ETF in the first quarter valued at approximately $40,000.

iShares U.S. Oil Equipment & Services ETF Company Profile

(Get Free Report)

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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