iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Trading Down 1.4% – Here’s Why

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) fell 1.4% on Tuesday . The stock traded as low as $20.54 and last traded at $20.68. 77,096 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 188,829 shares. The stock had previously closed at $20.97.

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

The company has a market cap of $251.26 million, a P/E ratio of 23.20 and a beta of 0.79. The company has a fifty day moving average price of $20.75 and a two-hundred day moving average price of $20.93.

Institutional Investors Weigh In On iShares U.S. Oil Equipment & Services ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its stake in shares of iShares U.S. Oil Equipment & Services ETF by 199.7% in the third 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 during the last quarter. Marshall Wace LLP bought a new stake in iShares U.S. Oil Equipment & Services ETF during the second quarter valued at $273,000. Finally, Sunbelt Securities Inc. boosted its position in iShares U.S. Oil Equipment & Services ETF by 202.7% during the third quarter. Sunbelt Securities Inc. now owns 14,919 shares of the company’s stock valued at $300,000 after acquiring an additional 9,991 shares during 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).