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

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

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

The company has a market cap of $396.27 million, a PE ratio of 11.67 and a beta of 0.92. The company has a fifty day moving average of $28.46 and a two-hundred day moving average of $29.09.

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

A number of large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its position in iShares U.S. Oil Equipment & Services ETF by 34.7% in the 4th quarter. BNP Paribas Financial Markets now owns 199,000 shares of the company’s stock worth $4,153,000 after purchasing an additional 51,300 shares during the period. Sunbelt Securities Inc. raised its stake in shares of iShares U.S. Oil Equipment & Services ETF by 198.3% during 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. raised its stake in shares of iShares U.S. Oil Equipment & Services ETF by 42.6% during the third quarter. Ameriprise Financial Inc. now owns 76,684 shares of the company’s stock valued at $1,479,000 after acquiring an additional 22,922 shares in the last quarter. Advisors Preferred LLC purchased a new stake in shares of iShares U.S. Oil Equipment & Services ETF in the first quarter valued at approximately $40,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of iShares U.S. Oil Equipment & Services ETF in the fourth quarter valued at approximately $35,000.

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.