iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Trading 0.2% Higher – Here’s Why

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

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

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

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

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its holdings in 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 valued at $3,014,000 after acquiring an additional 99,944 shares during the last quarter. Marshall Wace LLP purchased a new stake in iShares U.S. Oil Equipment & Services ETF in the 2nd quarter valued at about $273,000. Finally, Sunbelt Securities Inc. lifted its position in iShares U.S. Oil Equipment & Services ETF by 202.7% in the third quarter. Sunbelt Securities Inc. now owns 14,919 shares of the company’s stock valued at $300,000 after buying an additional 9,991 shares during 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).