iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Stock Price Up 1.6% – What’s Next?

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ)’s stock price rose 1.6% during mid-day trading on Monday . The stock traded as high as $19.79 and last traded at $19.68. Approximately 75,039 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 193,538 shares. The stock had previously closed at $19.37.

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

The firm has a fifty day simple moving average of $20.26 and a 200-day simple moving average of $21.49. The firm has a market cap of $239.11 million, a P/E ratio of 23.20 and a beta of 0.79.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Marshall Wace LLP bought a new position in shares of iShares U.S. Oil Equipment & Services ETF in the second quarter valued at approximately $273,000. Leuthold Group LLC lifted its holdings in iShares U.S. Oil Equipment & Services ETF by 5.3% during the first quarter. Leuthold Group LLC now owns 58,075 shares of the company’s stock worth $1,373,000 after acquiring an additional 2,929 shares during the period. Sunbelt Securities Inc. lifted its holdings in iShares U.S. Oil Equipment & Services ETF by 44.6% during the second quarter. Sunbelt Securities Inc. now owns 4,928 shares of the company’s stock worth $110,000 after acquiring an additional 1,521 shares during the period. Finally, Family Firm Inc. bought a new stake in iShares U.S. Oil Equipment & Services ETF during the second quarter worth $101,000.

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).