iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Stock Price Up 1%

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ)’s share price were up 1% during trading on Thursday . The company traded as high as $22.17 and last traded at $22.09. Approximately 199,872 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 243,479 shares. The stock had previously closed at $21.88.

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

The business has a 50 day moving average price of $22.21 and a 200 day moving average price of $21.95. The firm has a market capitalization of $270.58 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

A number of institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. grew its position in iShares U.S. Oil Equipment & Services ETF by 97.4% during the first quarter. Sunbelt Securities Inc. now owns 3,407 shares of the company’s stock worth $81,000 after buying an additional 1,681 shares in the last quarter. Leuthold Group LLC grew its position in iShares U.S. Oil Equipment & Services ETF by 10.3% during the fourth quarter. Leuthold Group LLC now owns 55,146 shares of the company’s stock worth $1,209,000 after buying an additional 5,135 shares in the last quarter. Finally, Vicus Capital grew its position in iShares U.S. Oil Equipment & Services ETF by 19.1% during the fourth quarter. Vicus Capital now owns 122,234 shares of the company’s stock worth $2,679,000 after buying an additional 19,631 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).