iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Shares Up 0.2% – Should You Buy?

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ)’s stock price were up 0.2% on Monday . The company traded as high as $20.89 and last traded at $20.47. Approximately 249,859 shares changed hands during trading, a decline of 4% from the average daily volume of 260,786 shares. The stock had previously closed at $20.42.

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

The firm’s 50 day moving average price is $20.56 and its 200-day moving average price is $21.01. The stock has a market cap of $248.71 million, a P/E ratio of 23.20 and a beta of 0.79.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP bought a new stake in shares of iShares U.S. Oil Equipment & Services ETF in the second quarter worth $273,000. Sunbelt Securities Inc. raised its position in iShares U.S. Oil Equipment & Services ETF by 44.6% in 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, BNP Paribas Financial Markets increased its stake 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.

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).