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

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

iShares U.S. Oil Equipment & Services ETF Trading Up 0.2%

The firm has a market cap of $396.27 million, a P/E ratio of 11.67 and a beta of 0.92. The business has a 50-day moving average price of $28.46 and a 200-day moving average price of $29.09.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Strategic Investment Solutions Inc. IL bought a new position in iShares U.S. Oil Equipment & Services ETF in the fourth quarter worth about $35,000. Advisors Preferred LLC acquired a new stake in iShares U.S. Oil Equipment & Services ETF in the first quarter valued at approximately $40,000. Sunbelt Securities Inc. boosted its stake in iShares U.S. Oil Equipment & Services ETF by 198.3% in the first quarter. Sunbelt Securities Inc. now owns 6,971 shares of the company’s stock valued at $202,000 after acquiring an additional 4,634 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in iShares U.S. Oil Equipment & Services ETF by 25.7% in the second 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 iShares U.S. Oil Equipment & Services ETF by 46.7% in the third quarter. BNP Paribas Financial Markets now owns 147,700 shares of the company’s stock worth $2,849,000 after purchasing an additional 47,000 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). 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.