iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Trading 0.2% Higher – Time to Buy?

Shares of iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) rose 0.2% during trading on Tuesday . The stock traded as high as $31.11 and last traded at $30.60. Approximately 70,216 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 471,295 shares. The stock had previously closed at $30.55.

iShares U.S. Oil Equipment & Services ETF Trading Down 2.6%

The stock’s 50 day moving average price is $28.55 and its two-hundred day moving average price is $29.11. The firm has a market capitalization of $385.78 million, a PE ratio of 11.67 and a beta of 0.92.

Hedge Funds Weigh In On iShares U.S. Oil Equipment & Services ETF

Hedge funds have recently bought and sold shares of the stock. Advisors Preferred LLC purchased a new stake in shares of iShares U.S. Oil Equipment & Services ETF in the first quarter valued at $40,000. Strategic Investment Solutions Inc. IL acquired a new position in iShares U.S. Oil Equipment & Services ETF in the 4th quarter valued at about $35,000. Sunbelt Securities Inc. boosted its stake in shares of iShares U.S. Oil Equipment & Services ETF by 198.3% during the 1st quarter. Sunbelt Securities Inc. now owns 6,971 shares of the company’s stock worth $202,000 after purchasing an additional 4,634 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of iShares U.S. Oil Equipment & Services ETF by 25.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 53,762 shares of the company’s stock worth $912,000 after purchasing an additional 10,994 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of iShares U.S. Oil Equipment & Services ETF by 46.7% during the third quarter. BNP Paribas Financial Markets now owns 147,700 shares of the company’s stock worth $2,849,000 after buying an additional 47,000 shares in the last quarter.

About iShares U.S. Oil Equipment & Services ETF

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.