iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Stock Price Down 0.9% – Should You Sell?

Shares of iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) 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 changed hands during 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 Up 0.2 %

The stock has a market capitalization of $262.68 million, a P/E ratio of 23.20 and a beta of 0.79. The stock has a 50 day moving average of $20.70 and a 200-day moving average of $21.36.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Family Firm Inc. purchased a new position in shares of iShares U.S. Oil Equipment & Services ETF in the 2nd quarter valued at $101,000. Sunbelt Securities Inc. increased its holdings in shares of iShares U.S. Oil Equipment & Services ETF by 44.6% in the 2nd 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 period. Marshall Wace LLP purchased a new position in shares of iShares U.S. Oil Equipment & Services ETF in the 2nd quarter valued at $273,000. Finally, BNP Paribas Financial Markets boosted its position 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 purchasing 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).