iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Trading Down 0.7% – Time to Sell?

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ)’s share price were down 0.7% on Wednesday . The stock traded as low as $19.15 and last traded at $19.25. Approximately 90,026 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 206,276 shares. The stock had previously closed at $19.38.

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

The firm has a market cap of $113.58 million, a price-to-earnings ratio of 11.67 and a beta of 1.95. The company has a fifty day moving average price of $18.66 and a two-hundred day moving average price of $17.69.

Institutional Trading of iShares U.S. Oil Equipment & Services ETF

A hedge fund recently raised its stake in iShares U.S. Oil Equipment & Services ETF stock. Family Firm Inc. increased its position in iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) by 6.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,363 shares of the company’s stock after buying an additional 868 shares during the quarter. Family Firm Inc. owned about 0.18% of iShares U.S. Oil Equipment & Services ETF worth $261,000 at the end of the most recent reporting period.

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).