iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Shares Down 2.5% – Should You Sell?

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ)’s stock price dropped 2.5% during mid-day trading on Thursday . The stock traded as low as $19.87 and last traded at $19.89. Approximately 161,456 shares traded hands during trading, a decline of 20% from the average daily volume of 200,784 shares. The stock had previously closed at $20.39.

iShares U.S. Oil Equipment & Services ETF Stock Down 2.5%

The company has a 50-day moving average of $19.63 and a 200-day moving average of $18.32. The company has a market cap of $123.32 million, a PE ratio of 11.67 and a beta of 1.14.

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. BNP Paribas Financial Markets grew its position in iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) by 46.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,700 shares of the company’s stock after purchasing an additional 47,000 shares during the period. BNP Paribas Financial Markets owned about 2.38% of iShares U.S. Oil Equipment & Services ETF worth $2,849,000 at the end of the most recent reporting period.

iShares U.S. Oil Equipment & Services ETF Company Profile

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).