iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Stock Price Cross Above 50 Day Moving Average – Should You Sell?

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZGet Free Report) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $20.82 and traded as high as $21.59. iShares U.S. Oil Equipment & Services ETF shares last traded at $21.19, with a volume of 63,365 shares traded.

iShares U.S. Oil Equipment & Services ETF Stock Down 3.6 %

The firm has a market cap of $248.22 million, a P/E ratio of 23.20 and a beta of 0.79. The company has a fifty day simple moving average of $20.83 and a 200-day simple moving average of $21.29.

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

Several institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its holdings in iShares U.S. Oil Equipment & Services ETF by 199.7% in 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 last quarter. Marshall Wace LLP purchased a new position in shares of iShares U.S. Oil Equipment & Services ETF during the second quarter valued at about $273,000. Sunbelt Securities Inc. increased its holdings in shares of iShares U.S. Oil Equipment & Services ETF by 202.7% in the third quarter. Sunbelt Securities Inc. now owns 14,919 shares of the company’s stock worth $300,000 after purchasing an additional 9,991 shares during the last quarter. Finally, Family Firm Inc. purchased a new stake in shares of iShares U.S. Oil Equipment & Services ETF in the second quarter worth about $101,000.

About iShares U.S. Oil Equipment & Services ETF

(Get Free Report)

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).

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