iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Trading Down 1.4% – Time to Sell?

Shares of iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) were down 1.4% during mid-day trading on Tuesday . The company traded as low as $20.54 and last traded at $20.68. Approximately 77,096 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 188,829 shares. The stock had previously closed at $20.97.

iShares U.S. Oil Equipment & Services ETF Trading Down 1.4 %

The stock’s 50-day simple moving average is $20.75 and its 200-day simple moving average is $20.93. The firm has a market capitalization of $251.26 million, a P/E ratio of 23.20 and a beta of 0.79.

Institutional Investors Weigh In On iShares U.S. Oil Equipment & Services ETF

A number of institutional investors have recently added to or reduced their stakes in IEZ. Sunbelt Securities Inc. grew its position in shares of iShares U.S. Oil Equipment & Services ETF by 202.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 14,919 shares of the company’s stock valued at $300,000 after acquiring an additional 9,991 shares during the period. BNP Paribas Financial Markets grew its position in shares of iShares U.S. Oil Equipment & Services ETF by 199.7% during the 3rd 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 period. Finally, Marshall Wace LLP bought a new position in shares of iShares U.S. Oil Equipment & Services ETF during the 2nd quarter valued at approximately $273,000.

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).